Teck Resources Announces Quarterly Dividend of CAD 0.125 per Share.

Teck Resources has declared a CAD 0.125 per share quarterly dividend on its outstanding Class A and Class B shares. The forward yield is 0.95%. The dividend will be payable on September 29, with a record date of September 15 and ex-dividend date of September 15.

Teck Resources (NYSE: TECK) has announced a quarterly dividend of CAD 0.125 per share for its outstanding Class A and Class B shares. The dividend, payable on September 29, will be distributed to shareholders of record as of September 15, with the ex-dividend date also set for September 15. The forward yield for the dividend stands at 0.95% [1].

The dividend declaration comes amidst a period of mixed performance for Teck Resources. While copper prices have been climbing due to improving U.S.-China trade sentiment, the company reported mixed Q2 results and has been evaluating options to expand production of germanium, a critical metal for chipmaking [2].

Teck Resources operates in the metals and mining sector, focusing on critical minerals such as copper, zinc, and lead. The company has been actively involved in share buybacks, aiming to enhance shareholder value. The latest dividend declaration is a reflection of the company's commitment to returning value to its shareholders.

Investors should monitor the company's future earnings and operational performance to gauge the sustainability of the dividend. The forward yield, while attractive, should be considered alongside other financial metrics and market conditions.

References:
[1] https://seekingalpha.com/news/4471673-teck-resources-declares-cad-0125-dividend
[2] https://www.investing.com/equities/teck-cominco