"Dividend is good but Teck's shares are much better. :]"

Like GL said, the best for tax planning (for CUU SH) is an outright sale of shares; then the gain would all be capital gain and only half is taxable. Some SH's may be even be able to reduce it further by offsetting it against previous capital loss.

If SC is sold by CUU, the co. has to pay a huge capital gains tax, and only the balance would then be distributed as dividend. That would mean a lot less cash payout since the tax man would get his first bite - a big bite! JMO GLTA!