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. Shareholders of record on Friday, March 13th will be given a dividend of 0.125 per share by the basic materials company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, March 13th.

Teck Resources has raised its dividend payment by an average of 0.4%annually over the last three years. Teck Resources has a payout ratio of 19.3% indicating that 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 $0.35 annual dividend with an expected future payout ratio of 19.2%.

Teck Resources Stock Down 0.1%

Shares of NYSE TECK opened at $59.29 on Friday. The firm has a market cap of $28.54 billion, a price-to-earnings ratio of 33.31, a price-to-earnings-growth ratio of 0.55 and a beta of 0.80. The company’s 50-day simple moving average is $51.73 and its 200-day simple moving average is $43.85. The company has a quick ratio of 2.08, a current ratio of 2.78 and a debt-to-equity ratio of 0.15. Teck Resources has a 52-week low of $28.32 and a 52-week high of $60.75.

Hedge Funds Weigh In On Teck Resources

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. purchased a new stake in shares of Teck Resources during the fourth quarter worth approximately $25,000. Versant Capital Management Inc purchased a new stake in shares of Teck Resources in the 3rd quarter valued at approximately $26,000. Smartleaf Asset Management LLC increased its position in shares of Teck Resources by 72.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 836 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 351 shares during the last quarter. SouthState Bank Corp acquired a new stake in shares of Teck Resources in the 3rd quarter valued at $50,000. Finally, Tobam purchased a new stake in shares of Teck Resources during the 2nd quarter worth $62,000. Hedge funds and other institutional investors own 78.06% of the company’s stock.

About Teck Resources

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.