Overview
At a time when most companies might be reconsidering dividend payments or have already suspended share buybacks, there is a LP that has increased cash distribution.
Teekay LNG Partners L.P. (TGP) reported an annual cash distribution of $0.76 in 2019. For 2020, the LP unit has increased cash distribution by 32% to $1.00. In addition, the LP will also be looking for opportunistic repurchase of common unit.
Given the plans, it would be interesting to look at the LPs credit health. This article will analyze Teekay LNG Partners from a credit perspective.