Teck Resources currently pays out $520-million annually, to shareholders as dividend
Teck Resources Ltd. may need to consider reducing its dividend if its capital needs and current commodity prices persist.
That’s the opinion of Alex Terentiew, an analyst at Raymond James, who noted that Teck has consistently raised its dividend since 2010.
He believes the miner is at an inflection point, with copper, oil and shareholders all “tugging for cash.”
Teck currently pays out 90¢ per share, or $520-million annually, to shareholders.
Read more at: http://business.financialpost.com/2013/11/08/why-teck-resources-may-decide-to-cut-its-dividend/
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