02:43 PM EDT, 07/11/2024 (MT Newswires) -- Teck Resources ( TECK ) on Thursday declared an eligible dividend of $0.625 per share on its outstanding Class A common shares and Class B subordinate voting shares, to be paid on September 27, 2024 to shareholders of record at the close of business on September 13, 2024. It will consist of the $0.125 per share base dividend and a one-time supplemental dividend of $0.50 per share.

This comes after Teck said it had closed the sale of its remaining 77% interest in its Canadian steelmaking coal business to Glencore. The company reported total cash proceeds of US$7.3 billion ($10 billion).

Teck's Class A and Class B shares were last seen up less than 1% on the TSX.

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