Teck Resources Ltd (TECK) To Go Ex-Dividend on March 13th

Teck Resources Ltd (NYSE:TECK) (TSE:TECK) declared a quarterly dividend on Wednesday, February 18th. Investors of record on Friday, March 13th will be paid a dividend of 0.125 per share by the basic materials company on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, March 13th.

Teck Resources has raised its dividend by an average of 0.2%per year over the last three years. Teck Resources has a dividend payout ratio of 19.9% meaning its dividend is sufficiently covered by earnings. Equities research 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 Stock Up 2.9%

TECK stock opened at $52.44 on Wednesday. The company has a quick ratio of 1.91, a current ratio of 2.54 and a debt-to-equity ratio of 0.13. Teck Resources has a 52 week low of $28.32 and a 52 week high of $62.41. The stock has a market capitalization of $25.24 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 3.11 and a beta of 0.77. The firm has a 50 day moving average of $54.60 and a 200 day moving average of $46.22.

Teck Resources (NYSE:TECK) (TSE:TECK) last posted its quarterly earnings data on Thursday, February 19th. The basic materials company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.59 by $0.39. Teck Resources had a net margin of 12.98% and a return on equity of 5.90%. The business had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the firm posted $0.45 earnings per share. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. Sell-side analysts forecast that Teck Resources will post 1.53 earnings per share for the current year.

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.