The key is; This goes into effect Jan 2, 2013, for shareholders on Dec 14, 2012. So has Teck made any other CashFlow decisions that go into effect in 2012?? This will cost them half a Billion starting next year annually. Remember, the last press release with the presentations had D.Lindsay admit that there was a big debate among Board members on whether to issue a dividend or not.
TCK.B = $263.7M TCK.A = $251.55M
Total: $515,250,000
Did Teck already factor in the cost to Back-In OR Buyout CUU? Sure. But which one?
| Teck Announces 12.5% Dividend Increase |
12-45-TR |
| November 13, 2012 / Download PDF
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Vancouver, BC – Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) announced today that it will pay an eligible dividend of $0.45 per share on its outstanding Class A common shares and Class B subordinate voting shares on January 2, 2013, to shareholders of record at the close of business on December 14, 2012. This represents a 12.5% increase from the previous dividend.
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http://www.teck.com/Generic.aspx?PAGE=Teck+Site%2fMedia+Pages%2fMedia+Detail&releaseNumber=12-45-TR&portalName=tc
