Day: February 24, 2022

Additional buybacks to be considered regularly VANCOUVER, British Columbia, Feb. 23, 2022 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) announced today that its Board of Directors has approved an amended dividend policy, declared a dividend and authorized the repurchase of up to $100 million of Class B subordinate voting shares in 2022. Under the new dividend policy, the annual base dividend has been increased from $0.20 per share to $0.50 per share. In accordance with the new dividend policy and Teck’s Capital Allocation Framework, Teck’s Board of Directors declared an eligible dividend of $0.625 per share on its outstanding Class A common shares and Class B subordinate voting shares, to be paid on March 31, 2022, to shareholders of record at the close of business on March 15, 2022, consisting...

CALGARY, Alberta, Feb. 23, 2022 (GLOBE NEWSWIRE) — Fourth Quarter HighlightsPHX Energy generated adjusted EBITDA(1)of $17.9 million and adjusted EBITDA excluding the impact of share-based compensation(1) of $20.9 million. Positive net earnings of $8.7 million were recorded. Revenue grew 85 percent quarter-over-quarter to $105.4 million. In light of the Corporation’s balance sheet strength and improving adjusted EBITDA, the Board has approved another increase to the quarterly dividend to $0.075 per common share from the previous $0.05 per common share effective for the dividend payable on April 18, 2022; an increase of 50 percent.Year End HighlightsThe Corporation achieved its highest annual adjusted EBITDA(1) since 2014, generating adjusted EBITDA(1) of $60.4 million and adjusted EBITDA excluding the impact of share-based...