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You know that buying a stock makes you part owner of a company, theoretically with millions of other people. But, while ownership has its privileges (at minimum you get a neat stock certificate and an invitation to the annual meeting), being an owner doesn't necessarily pay. Sure, you make money if the stock goes up, but only if you sell, and you can, in theory, lose all the value of your investment if the stock tanks.
Enter the dividend. Here, you get money simply from holding the stock. Companies pay a yield, which is expressed in a percentage based on the stock's price. For example, if a stock trades at $10, and pays a 10% annual yield, your dividend payment would be a $1. (Usually, companies break out the payments quarterly, so, using our example, you¿d get, well, a quarter each quarter.)
Companies that pay dividends fall into a few categories. First, you've got your big, stable companies that generate enough cash that it makes sense to throw some back to shareholders. Next, there are businesses, like real estate investment trusts, that are in the business of sitting back and receiving cash, then distributing it to holders. And, then there are companies that need to dangle a high dividend yield like a carrot to ease investor fears. Cigarette-maker Altria has been doing this for years.
Simply because a company pays a dividend doesn't make it a good investment. After all, you may want to take a chance on a growth stock that can move higher in price than dividend payers are known to do. But, you can¿t beat the safety of knowing that, even if a stock doesn't move in a year, you¿re at least making something off your investment.
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Wednesday, May 07, 2008
Teekay LNG Partners L.P. Announces First Quarter 2008 Earnings Conference Call
Comtex
HAMILTON, BERMUDA, May 07, 2008 (MARKET WIRE via COMTEX News Network) ----Teekay LNG Partners L.P. (NYSE: TGP) plans to release its financial results for the quarter after market close on Wednesday, May 14, 2008.
The Partnership plans to host a conference call on Friday, May 16, 2008 at 11:00 a.m. (ET) to discuss the results for the first quarter of 2008. All unitholders and interested parties are invited to listen to the live conference call by choosing any of the following options:
- By dialing (866) 322-2356 or (416) 640-3405 if outside North America;
- By accessing the webcast, which will be available on Teekay LNG Partners web site at www.teekaylng.com. (The archive will remain on the web site for a period of 30 days);
- A recording of the conference call will also be available until Friday, May 23, 2008 by dialing (888) 203-1112 or (647) 436-0148 and entering access code 4840067.
About Teekay LNG Partners L.P.
Teekay LNG Partners L.P. is a publicly-traded master limited partnership formed by Teekay Corporation (NYSE: TK) as part of its strategy to expand its operations in the LNG and LPG shipping sectors. Teekay LNG Partners L.P. provides LNG, LPG and crude oil marine transportation services under long-term, fixed-rate time charter contracts with major energy and utility companies through its fleet of fifteen LNG carriers, four LPG carriers and eight Suezmax class crude oil tankers. Six of the fifteen LNG carriers are newbuildings scheduled for delivery between mid-2008 and early 2009. Three of the four LPG carriers are newbuildings scheduled for delivery between mid-2008 and mid-2009.
Teekay LNG Partners' common units trade on the New York Stock Exchange under the symbol "TGP".
Contacts: Teekay LNG Partners L.P. Dave Drummond Investor Relations Enquiries (604) 609-6442 Teekay LNG Partners L.P. Alana Duffy Media Enquiries (604) 844-6605 Website: www.teekaylng.com
SOURCE: Teekay LNG Partners L.P.
http://www.teekaylng.com
Copyright 2008 Market Wire, All rights reserved.
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