Teck Resources Ltd (NYSE:TECK) Declares Quarterly Dividend of C$0.12

Teck Resources Ltd (NYSE:TECK) (TSE:TECK) declared a quarterly dividend on Thursday, October 29th. Shareholders of record on Tuesday, December 15th will be paid a dividend of C$0.12 per share by the basic materials company on Thursday, December 31st. This represents a $0.50 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, December 15th.

Teck Resources has raised its dividend payment by an average of 0.2% annually over the last three years. Teck Resources has a payout ratio of 19.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Teck Resources to earn $3.41 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 10.6%.

Teck Resources Trading Down 2.8%

Teck Resources stock opened at $61.28 on Friday. Teck Resources has a 12 month low of $38.00 and a 12 month high of $72.56. The firm has a market cap of $29.61 billion, a PE ratio of 17.29, a P/E/G ratio of 2.01 and a beta of 1.01. The stock’s 50 day simple moving average is $66.27 and its two-hundred day simple moving average is $60.39. The company has a current ratio of 3.12, a quick ratio of 2.33 and a debt-to-equity ratio of 0.12.

Teck Resources Company Profile

Teck Resources Limited is a Canadian mining and mineral development company focused primarily on copper and zinc, commodities used in electrification, infrastructure, manufacturing and other industrial applications. The company explores for, develops and operates mines, mineral processing facilities and related infrastructure.

Teck’s copper assets include Highland Valley Copper in British Columbia, Canada; Carmen de Andacollo in Chile; and Quebrada Blanca in northern Chile. Its zinc operations include the Red Dog mine in Alaska and the Trail Operations metallurgical complex in British Columbia, which produces refined metals, alloys and other related products.