Distribution notices out today:
Hamilton, Bermuda – January 27, 2009 – Teekay Offshore GP LLC, the general partner of Teekay
Offshore Partners L.P. TOO, has declared a cash distribution of $0.45 per unit for the quarter
ended December 31, 2009. The cash distribution is payable on February 12, 2010 to all unitholders of record.
February 5, 2010.Teekay GP LLC, the general partner of Teekay LNG Partners L.P. TGP, has declared a cash distribution of $0.57 per unit for the quarter ended December 31, 2009. The cash distribution is payable on February 12, 2010 to all unitholders of record on February 5, 2010.
These distributions remain the same for both companies. The payouts have been level for 6 consecutive quarters.Both TOO and TGP have current yields over 8%.



Teekay Tankers forecasts dividends
http://www.teekaytankers.com/index.aspx?page=tnk_news&article_id=727
Teekay Tankers is projecting a first quarter 24 to 27¢ dividend to be paid in March. The company uses a mixture of fixed contract and spot market hires to provide an ongoing dividend plus upside if the rates take off.
The company states that the total dividend for 2010 would be in the neighborhood of $1.30 if rates stay at the current level and about 90¢ if they fall back to the level of last quarter of 2009. Those are pretty good prospects for a stock trading at about $9.00 per share.