A deep round of dividend cuts across three Teekay companies which heaped pressure on share prices before Christmas came to life today.
Sharp reductions to payouts at Teekay Corp and daughter firms Teekay Offshore and Teekay LNG took shape with shipping stocks under renewed pressure.
Teekay Corp said its payout for the fourth quarter has been reduced to $0.055 per share, down from the $0.55
