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

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

Teck Resources (TSE:TCK) last issued its earnings results on Wednesday, October 24th. The company reported C$0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.94 by C($0.14). The firm had revenue of C$3.21 billion for the quarter, compared to analysts’ expectations of C$3.12 billion.

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

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