Teck Announces Base Dividend and Authorizes up to $500 Million Share Buyback

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VANCOUVER, British Columbia, Feb. 21, 2024 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that its Board of Directors has declared an eligible dividend of $0.125 on its outstanding Class A common shares and Class B subordinate voting shares, to be paid on March 28, 2024, to shareholders of record at the close of business on March 15, 2024.

In addition to the base dividend payment, the Board has authorized management to purchase up to $500 million of Class B subordinate voting shares. Additional buybacks will be considered regularly in the context of market conditions.