I still believe that if Teck is going to make a big purchase (partnership or not) they will announce it before Dec 14th, 2012. Anyone holding Teck at close of business on this date will be eligible for the increased dividend. So if a purchase is announced soon and Teck shares plunge, then shareholders have until that date to buyback in to be eligible. Sounds like a good way to appease them if they are initially unhappy about burning through so much cash buying CUU.
| Teck Announces 12.5% Dividend Increase |
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| 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
