2013-01-04 14:49:44 -

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".

Contacts:
Teekay Corporation
Kent Alekson
Investor Relations Enquiries
+1 (604) 844-6654
www.teekay.com




This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: Teekay Corporation via Thomson Reuters ONE
[HUG#1668226]