Teck Resources Ltd (NYSE:TECK) Announces Quarterly Dividend of C$0.13

Teck Resources Ltd (NYSE:TECK) (TSE:TECK) declared a quarterly dividend on Wednesday, February 18th. Stockholders of record on Friday, March 13th will be given a dividend of 0.125 per share by the basic materials company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, March 13th.

Teck Resources has increased its dividend by an average of 0.4%per year over the last three years. Teck Resources has a payout ratio of 19.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Teck Resources to earn $1.82 per share next year, which means the company should continue to be able to cover its $0.35 annual dividend with an expected future payout ratio of 19.2%.

Teck Resources Stock Performance

Shares of NYSE:TECK traded down $2.10 during mid-day trading on Thursday, reaching $57.26. 655,806 shares of the company traded hands, compared to its average volume of 4,449,564. Teck Resources has a 52 week low of $28.32 and a 52 week high of $60.75. The firm has a market cap of $27.56 billion, a PE ratio of 32.05, a PEG ratio of 0.54 and a beta of 0.80. The company’s 50 day moving average price is $51.44 and its 200-day moving average price is $43.74. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.78 and a quick ratio of 2.08.

Institutional Investors Weigh In On Teck Resources

Several large investors have recently bought and sold shares of TECK. Welch Group LLC grew its position in Teck Resources by 3.5% in the fourth quarter. Welch Group LLC now owns 5,899 shares of the basic materials company’s stock worth $283,000 after acquiring an additional 199 shares in the last quarter. ASR Vermogensbeheer N.V. boosted its stake in Teck Resources by 1.6% during the third quarter. ASR Vermogensbeheer N.V. now owns 16,721 shares of the basic materials company’s stock worth $734,000 after buying an additional 270 shares during the period. Stephens Inc. AR increased its position in Teck Resources by 4.8% during the second quarter. Stephens Inc. AR now owns 7,189 shares of the basic materials company’s stock valued at $290,000 after acquiring an additional 329 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Teck Resources by 72.4% during the third quarter. Smartleaf Asset Management LLC now owns 836 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 351 shares during the last quarter. Finally, CWM LLC raised its stake in shares of Teck Resources by 22.7% in the third quarter. CWM LLC now owns 2,078 shares of the basic materials company’s stock valued at $91,000 after acquiring an additional 384 shares during the period. Institutional investors own 78.06% of the company’s stock.

About Teck Resources

Teck Resources Ltd. is a diversified natural resource company headquartered in Canada that explores for, develops and produces a portfolio of metallic and energy commodities. Its core businesses center on copper, steelmaking (metallurgical) coal and zinc, with related smelting and refining activities. Teck supplies raw materials and intermediate products to global steelmakers, metals markets and industrial customers, and operates integrated mining and processing facilities as well as earlier-stage exploration and development projects.

The company’s operations and projects are located across multiple geographies, with a significant presence in western Canada and North America and additional exploration and development activities in Latin America.