Teck Resources Ltd (NYSE:TECK) (TSE:TECK) declared a quarterly dividend on Wednesday, July 25th, Zacks reports. Shareholders of record on Friday, September 14th will be given a dividend of 0.038 per share by the basic materials company on Friday, September 28th. This represents a $0.15 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, September 13th.

Teck Resources has a payout ratio of 5.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Teck Resources to earn $2.92 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 6.8%.

Shares of NYSE:TECK traded down $0.21 during mid-day trading on Friday, reaching $21.92. The stock had a trading volume of 1,776,883 shares, compared to its average volume of 1,870,592. The company has a market capitalization of $12.54 billion, a price-to-earnings ratio of 6.39, a P/E/G ratio of 0.60 and a beta of 1.44. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.38 and a quick ratio of 1.51. Teck Resources has a twelve month low of $20.06 and a twelve month high of $30.80.

Teck Resources (NYSE:TECK) (TSE:TECK) last announced its quarterly earnings results on Thursday, July 26th. The basic materials company reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.28. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $2.97 billion. Teck Resources had a net margin of 22.12% and a return on equity of 13.56%. Teck Resources’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the company posted $1.00 EPS. equities research analysts expect that Teck Resources will post 3.53 earnings per share for the current year.

A number of brokerages recently weighed in on TECK. Zacks Investment Research downgraded shares of Teck Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. ValuEngine downgraded shares of Teck Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, June 26th. Morgan Stanley cut their price target on shares of Teck Resources from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 1st. Finally, MKM Partners set a $35.00 price target on shares of Teck Resources and gave the company a “buy” rating in a research report on Wednesday, June 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.94.

About Teck Resources

Teck Resources Limited researches, explores for, develops, and produces natural resources in the Americas, the Asia Pacific, and Europe. It operates through five segments: Steelmaking Coal, Copper, Zinc, Energy, and Corporate. The company's principal products comprise steelmaking coal; copper concentrates and refined copper cathodes; refined zinc and zinc concentrates; energy products, such as bitumen; and lead concentrates.

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Dividend History for Teck Resources (NYSE:TECK)

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