Teck Announces Dividend, $650 Million in Cost Reduction Measures
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Teck Resources (TCK) Plans $650M to Cost-Saving Measures
November 18, 2015 6:59 AM ESTIn response to persistent low commodity prices, Teck Resources (NYSE: TCK) announced that it its implementing additional measures to reduce costs and conserve capital:
-- Reduction in total spending of $650 million in 2016, to be achievedthrough $350 million of capital spending reductions and deferrals and
$300 million of operating cost savings identified as part of the 2016
operating budget.
-- Elimination of an... More
Teck Resources (tck) Declares $0.05 Quarterly Dividend; 4.3% Yield
November 18, 2015 6:58 AM ESTTeck Resources (NYSE: tck) declared a quarterly dividend of $0.05 per share, or $0.2 annualized.
The dividend will be payable on December 30, 2015, to stockholders of record on December 14, 2015, with an ex-dividend date of December 10, 2015.
The annual yield on the dividend is 4.3... More
