Teck Resources Ltd. Announces Quarterly Dividend of $0.13 (TSE:TCK)

Teck Resources Ltd. (TSE:TCK) announced a quarterly dividend on Thursday, July 11th, Zacks reports. Shareholders of record on Friday, September 13th will be given a dividend of 0.125 per share on Friday, September 27th. This represents a $0.50 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Friday, September 13th.

Teck Resources Price Performance

Teck Resources (TSE:TCK) last released its earnings results on Wednesday, July 24th. The company reported C$0.79 earnings per share for the quarter, beating the consensus estimate of C$0.64 by C$0.15. The company had revenue of C$3.87 billion for the quarter, compared to the consensus estimate of C$3.98 billion.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TCK shares. Paradigm Capital raised Teck Resources to a “moderate buy” rating in a research report on Friday, July 26th. TD Securities upgraded Teck Resources to a “strong-buy” rating in a report on Tuesday, July 16th. Eight Capital cut Teck Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 11th. UBS Group upgraded Teck Resources from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 4th. Finally, BMO Capital Markets upgraded Teck Resources from a “hold” rating to a “strong-buy” rating in a report on Monday, July 15th. Two investment analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Teck Resources currently has a consensus rating of “Buy”.