Teekay LNG Partners (TGP) and Teekay Offshore Partners (TOO) have both increased their dividend payouts to shareholders.

TGP and TOO have increased their quarterly dividends
TGP and TOO have raised their quarterly payout to 67.5 and 51.25 US cents respectively. This represents an increase of 7% and 2.5% respectively.

Teekay said this distribution increase was based primarily on the acquisition of the Maersk LNG fleet through its joint venture with Marubeni Corporation.

“Based