June 4, 2009HAMILTON, BERMUDA–(Marketwire – June 4, 2009) – Teekay Corporation (NYSE:TK) (Teekay) announced that its Board of Directors has declared a cash dividend on its common stock of $0.31625 per share, payable on July 24, 2009 to all shareholders of record as at July 10, 2009. In addition, the Company will host a conference call today at 10:00 a.m. (ET) to discuss the results for the fourth quarter and fiscal year 2008. All shareholders and interested parties are invited to listen to the live conference call and view the Company’s earnings presentation through the Company’s web site at www.teekay.com. The Company plans to make available a recording of the conference call until midnight June 11, 2009, by dialing (888) 203-1112 or (647) 436-0148, access code 1745855, or via the Company’s web site until July 8, 2009. About Teekay Teekay Corporation transports more than 10 percent of the world’s seaborne oil, has built a significant presence in the liquefied natural gas shipping sector through its publicly-listed subsidiary, Teekay LNG Partners L.P. (NYSE:TGP), is further growing its operations in the offshore oil production, storage and transportation sector through its publicly-listed subsidiary, Teekay Offshore Partners L.P. (NYSE:TOO), and continues to expand its conventional tanker business through its publicly-listed subsidiary, Teekay Tankers Ltd. (NYSE:TNK). With a fleet of over 175 vessels, offices in 17 countries and 6,800 seagoing and shore-based employees, Teekay provides a comprehensive set of marine services to the world’s leading oil and gas companies, helping them seamlessly link their upstream energy production to their downstream processing operations. Teekay’s 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”.