Teck Resources Ltd Class B Stock To Go Ex-dividend Tomorrow (TCK)

NEW YORK ( TheStreet) -- The ex-dividend date for Teck Resources Ltd Class B (NYSE: TCK) is tomorrow, June 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $30.78 as of 9:30 a.m. ET, the dividend yield is 2.7%.

The average volume for Teck Resources Ltd Class B has been 3.3 million shares per day over the past 30 days. Teck Resources Ltd Class B has a market cap of $18.02 billion and is part of the basic materials sector and metals & mining industry. Shares are down 14% year to date as of the close of trading on Monday.

Teck Resources Limited operates as a diversified mining, mineral processing, and metallurgical company. It is involved in exploring, developing, smelting, refining, safety, environmental protecting, product stewardship, recycling, and researching activities. The company has a P/E ratio of 7.1, below the average metals & mining industry P/E ratio of 7.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Teck Resources Ltd Class B as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Teck Resources Ltd Class B Ratings Report.

See our dividend calendar or top-yielding stocks list.

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