Mining Frontier
  • Home
  • News
  • Press Releases
  • Market Reports
  • Sectors
    • Aluminium
    • COAL
    • COPPER
    • DIAMONDS
    • GOLD
    • IRON ORE AND MANGANESE
    • NICKEL
    • NIOBIUM
    • PHOSPHATES
    • PLATINUM
    • STEEL
  • Projects
  • Events & Conferences
  • Contact US
  • More
    • Newsletter Archive
No Result
View All Result
  • Home
  • News
  • Press Releases
  • Market Reports
  • Sectors
    • Aluminium
    • COAL
    • COPPER
    • DIAMONDS
    • GOLD
    • IRON ORE AND MANGANESE
    • NICKEL
    • NIOBIUM
    • PHOSPHATES
    • PLATINUM
    • STEEL
  • Projects
  • Events & Conferences
  • Contact US
  • More
    • Newsletter Archive
No Result
View All Result
Mining Frontier
No Result
View All Result
Home Market Reports

Teck Resources Ltd maintains commitment to dividend as yield reaches 7%

December 12, 2014
in Market Reports

Teck Resources Ltd. maintains it has no plans to cut its $510-million dividend, even as investors send its yield to sky-high levels.

The Vancouver-based miner’s stock has been in freefall recently, dropping 36% in the past three weeks amid tumbling oil prices and continued weakness in coking coal prices. That leaves the company with a dividend yield of 7%, which is well above serious dividend payers such as BCE Inc. (4.8%), Fortis Inc. (3.4%) and all the big Canadian banks.

It is highly unusual for a growth-oriented mining company to have a yield that high. In the past, it has often been a signal of an imminent dividend cut.

In Teck’s case, experts are far from convinced that will happen. They said a dividend reduction in 2015 is a possibility given weak commodity prices and the company’s huge capital commitments at the Fort Hills oil sands project. But they also said the high yield just reflects extreme short-term volatility in the market, and may be irrelevant.

Teck, for one, maintained the dividend is secure. “Teck is committed to the dividend,” spokesman Chris Stannell said.

Previous Post

World’s Biggest Miner BHP Shifting Focus to Copper From Iron Ore

Next Post

Glencore mulls sale of nickel and cobalt projects in WA

Related Posts

China Foundary Association
Market Reports

METAL CHINA/DIECASTING/NONFERROUS CHINA 2025 Concluded with a Big Success

June 10, 2025
US on its Path Towards Exploring Rare Earth Elements
Market Reports

US on its Path Towards Exploring Rare Earth Elements

May 19, 2025
The US Has the Option to Mine
Market Reports

The US Has the Option to Mine its Own Rare Earth Elements

May 19, 2025
Copper Market
Africa

MENA Copper Market: Gradual Growth and Strategic Shifts

May 17, 2025
Africa

Exploration Projects Drive Africa’s Copper Market Growth

March 24, 2025
COAL

World Coal Market Consumption Details and Forecast

March 24, 2025
Next Post

Glencore mulls sale of nickel and cobalt projects in WA

No Result
View All Result

Recent Posts

  • METAL CHINA/DIECASTING/NONFERROUS CHINA 2025 Concluded with a Big Success
  • US on its Path Towards Exploring Rare Earth Elements
  • To Keep Pace Globally, South Africa Revives Mining Endeavors
  • The US Has the Option to Mine its Own Rare Earth Elements
  • Mining Projects in America Getting the Executive Order Push
Mining Frontier

System

  • Search
  • Sitemap
  • Feed

Resources

  • Contact US
  • Download Mediapack
  • Home
  • News
  • Press Releases
  • Market Reports
  • Sectors
  • Projects
  • Events & Conferences
  • Contact US
  • More

© 2019 Copyright Valuemediaservices All rights reserved.

No Result
View All Result
  • Home
  • News
  • Press Releases
  • Market Reports
  • Sectors
    • Aluminium
    • COAL
    • COPPER
    • DIAMONDS
    • GOLD
    • IRON ORE AND MANGANESE
    • NICKEL
    • NIOBIUM
    • PHOSPHATES
    • PLATINUM
    • STEEL
  • Projects
  • Events & Conferences
  • Contact US
  • More
    • Newsletter Archive

© 2019 Copyright Valuemediaservices All rights reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In