Teck Resources (tck) Declares $0.05 Quarterly Dividend; 4.3% Yield

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Go back to Teck Resources (tck) Declares $0.05 Quarterly Dividend; 4.3% Yield

Teck Announces Dividend, $650 Million in Cost Reduction Measures

November 17, 2015 10:25 PM EST

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 11/17/15 -- Teck Resources Limited ("Teck", TSX: TCK.A and TCK.B, NYSE: TCK) announced today that it will pay an eligible dividend of $0.05 per share on its outstanding Class A common shares and Class B subordinate voting shares on December 30, 2015, to shareholders of record at the close of business on December 14, 2015.

In response to persistent low commodity prices, Teck is implementing additional measures to reduce costs and conserve capital:

-- Reduction in total spending of $650 million in 2016, to be achieved through $350 million of capital spending reductions and... More