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Teck Resources lifts dividend

Teck Resources Ltd. will pay a dividend of 45 cents per share on its outstanding Class A common shares and Class B subordinate voting shares on Jan. 2, 2013. The company says this represents a 12.5 per cent increase from the previous dividend.

Teck Resources Ltd. will pay a dividend of 45 cents per share on its outstanding Class A common shares and Class B subordinate voting shares on Jan. 2, 2013. The company says this represents a 12.5 per cent increase from the previous dividend. Teck Resources is mostly focused on copper, steelmaking coal, zinc and energy. In late October, the company said it had slashed its capital spending for this year and next by a total of $1.5 billion and will look to cut annual costs by at least $200 million amid a sluggish global economy.