A pair of Teekay (TK -1.6%) spinoffs raised their quarterly dividends late yesterday, joining a...

|About: Teekay Corporation (TK)|By:, SA News Editor

A pair of Teekay (TK -1.6%) spinoffs raised their quarterly dividends late yesterday, joining a growing list of companies seeking to add shareholder value with bigger payouts. Teekay Offshore Partners (TOO +2%) increased its dividend by 2.5%, while Teekay LNG Partners (TGP +0.9%) ups its dividend by 7.1%.