Teck Resources Ltd (TECK) To Go Ex-Dividend on September 15th

Teck Resources Ltd (NYSE:TECK) (TSE:TECK) declared a quarterly dividend on Thursday, July 23rd. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.125 per share by the basic materials company on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

Teck Resources has increased its dividend by an average of 0.2%annually over the last three years. Teck Resources has a dividend payout ratio of 19.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Teck Resources to earn $2.85 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 12.6%.

Teck Resources Trading Up 0.8%

Teck Resources stock opened at $60.30 on Friday. The company has a current ratio of 2.83, a quick ratio of 2.16 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $61.46 and its two-hundred day simple moving average is $57.49. Teck Resources has a 12 month low of $30.98 and a 12 month high of $71.25. The company has a market capitalization of $29.12 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 1.77 and a beta of 0.92.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TECK. Temasek Holdings Private Ltd boosted its holdings in shares of Teck Resources by 1.1% during the 4th quarter. Temasek Holdings Private Ltd now owns 5,307,384 shares of the basic materials company’s stock valued at $254,171,000 after purchasing an additional 57,380 shares during the last quarter. New York Life Investment Management LLC purchased a new stake in shares of Teck Resources in the fourth quarter worth about $11,014,000. Cardinal Point Capital Management ULC bought a new position in Teck Resources during the fourth quarter valued at approximately $379,000. ABN Amro Investment Solutions boosted its stake in Teck Resources by 156.4% during the fourth quarter. ABN Amro Investment Solutions now owns 510,989 shares of the basic materials company’s stock valued at $24,471,000 after buying an additional 311,694 shares during the last quarter. Finally, Perpetual Ltd purchased a new position in Teck Resources during the 4th quarter valued at approximately $26,838,000. 78.06% of the stock is owned by hedge funds and other institutional investors.

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.