Teck Resources Ltd. to Issue Quarterly Dividend of $0.05 (TCK)

Teck Resources Ltd. (TSE:TCK) declared a quarterly dividend on Thursday, November 15th, Zacks reports. Shareholders of record on Friday, December 14th will be given a dividend of 0.05 per share on Monday, December 31st. This represents a $0.20 annualized dividend and a yield of ∞. The ex-dividend date is Thursday, December 13th.

Teck Resources (TSE:TCK) last posted its quarterly earnings results on Wednesday, October 24th. The company reported C$0.80 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.94 by C($0.14). The business had revenue of C$3.21 billion during the quarter, compared to analyst estimates of C$3.12 billion.

TCK has been the subject of several recent analyst reports. MKM Partners restated a “buy” rating on shares of Teck Resources in a research note on Friday, October 19th. Seaport Global Securities upgraded Teck Resources from a “neutral” rating to a “buy” rating in a research note on Monday, October 15th.

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