Teck Resources Ltd (TECK) to Issue Quarterly Dividend of C$0.13 on June 30th

Teck Resources Ltd (NYSE:TECK) (TSE:TECK) announced a quarterly dividend on Thursday, April 23rd. Investors of record on Monday, June 15th will be paid a dividend of 0.125 per share by the basic materials company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, June 15th.

Teck Resources has raised its dividend payment by an average of 0.2%annually over the last three years. Teck Resources has a dividend payout ratio of 19.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Teck Resources to earn $2.74 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 13.1%.

Teck Resources Price Performance

Shares of TECK stock opened at $64.80 on Friday. The stock has a market cap of $31.24 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 3.85 and a beta of 0.89. The business’s fifty day moving average is $60.94 and its 200 day moving average is $54.35. Teck Resources has a twelve month low of $30.98 and a twelve month high of $71.25. The company has a quick ratio of 2.16, a current ratio of 2.83 and a debt-to-equity ratio of 0.13.

Teck Resources Company Profile

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.