Teekay Corporation : Teekay Corporation Declares Dividend

          Teekay Corporation : Teekay Corporation Declares Dividend

HAMILTON, BERMUDA--(Marketwire - January 4, 2013) - Teekay Corporation
(Teekay) (NYSE: TK) announced that its Board of Directors has declared a cash
dividend on its common stock of $0.31625 per share, payable on January 30,
2013 to all shareholders of record as at January 16, 2013.

About Teekay Corporation

Teekay Corporation is an operational leader and project developer in the
marine midstream space. Through its general partnership interests in two
master limited partnerships (MLPs), Teekay LNG Partners L.P. (NYSE: TGP) and
Teekay Offshore Partners L.P. (NYSE: TOO), its controlling ownership of Teekay
Tankers Ltd. (NYSE: TNK), and its fleet of directly-owned vessels, Teekay is
responsible for managing and operating consolidated assets of over $11
billion, comprised of approximately 150 liquefied gas, offshore, and
conventional tanker assets. With offices in 16 countries and approximately
6,400 seagoing and shore-based employees, Teekay provides a comprehensive set
of marine services to the world's leading oil and gas companies, and its
reputation for safety, quality and innovation has earned it a position with
its customers as The Marine Midstream Company.

Teekay's common stock is listed on the New York Stock Exchange where it trades
under the symbol "TK".

Teekay Corporation
Kent Alekson
Investor Relations Enquiries
+1 (604) 844-6654


This announcement is distributed by Thomson Reuters on behalf of Thomson
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(i) the releases contained herein are protected by copyright and other
applicable laws; and
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information contained therein.

Source: Teekay Corporation via Thomson Reuters ONE
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