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

Key Points

• Teck Resources Ltd has declared a quarterly dividend of C$0.13 per share, set to be paid on December 31st to shareholders of record as of December 15th, representing a 36.2% increase from the previous dividend.
• The company's dividend payout ratio is 19.9%, indicating the dividend is well-covered by earnings, with expected earnings of $1.82 per share next year allowing for continued support of its annual dividend of $0.36.
• In its latest earnings report, Teck Resources posted $0.55 earnings per share, surpassing analyst estimates, although revenues of $2.43 billion fell short of expectations of $2.93 billion.

Teck Resources Ltd (NYSE:TECK - Get Free Report) TSE: TECK declared a quarterly dividend on Wednesday, October 22nd. Shareholders of record on Monday, December 15th will be paid a dividend of 0.125 per share by the basic materials company on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, December 15th. This is a 36.2% increase from Teck Resources's previous quarterly dividend of $0.09.

Teck Resources has a dividend payout ratio of 19.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Teck Resources to earn $1.82 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 19.8%.

Teck Resources Trading Down 1.5%

Shares of TECK stock opened at $42.18 on Thursday. The stock's fifty day moving average is $38.78 and its two-hundred day moving average is $37.01. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.45 and a current ratio of 3.47. The firm has a market capitalization of $20.26 billion, a P/E ratio of 111.00, a PEG ratio of 0.62 and a beta of 0.92. Teck Resources has a fifty-two week low of $28.32 and a fifty-two week high of $51.34.

Teck Resources (NYSE:TECK - Get Free Report) TSE: TECK last announced its quarterly earnings data on Wednesday, October 22nd. The basic materials company reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.16. The company had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.93 billion. Teck Resources had a return on equity of 3.91% and a net margin of 2.51%.The firm's revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 EPS. Research analysts expect that Teck Resources will post 1.53 earnings per share for the current fiscal year.

Teck Resources Company Profile

Teck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. The company operates through Steelmaking Coal, Copper, Zinc, and Energy segments. Its principal products include copper, zinc, steelmaking coal, and blended bitumen.

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