12 Best International Dividend Stocks To Buy Now

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2. Teck Resources Limited (NYSE:TECK)

Dividend Yield as of February 11: 0.81%

Number of Hedge Fund Holders: 68

Teck Resources Limited (NYSE:TECK) is a Vancouver-based company involved in the exploration, acquisition, and production of copper, zinc, steelmaking coal, and blended bitumen, along with lead, silver, gold, molybdenum, specialty metals, chemicals, and fertilizers. On January 21, 2025, Jefferies analyst Christopher LaFemina maintained a Buy rating on Teck Resources Limited (NYSE:TECK) with a C$70 price target. The analyst commended Teck’s strong financial health and its success in meeting Q4 production targets, as well as achieving full design throughput rates at the QB2 copper project by year-end.

In 2024, Teck Resources Limited (NYSE:TECK) completely transformed its business, focusing solely on energy transition metals like copper and zinc. It sold its steelmaking coal division for $8.6 billion, using the funds for shareholder payouts, debt reduction, taxes, and investments in copper projects. The company bought back $1.25 billion in shares and paid off $1.6 billion in debt. Looking ahead, Teck is ramping up its copper production, aiming to hit 800,000 tonnes per year by the end of the decade, with up to $3.9 billion in planned investments. The company last paid a C$0.125 per share quarterly dividend on December 31, 2024. TECK is one of the best dividend stocks for a diversified portfolio.

According to Insider Monkey’s third-quarter database, 68 hedge funds were long Teck Resources Limited (NYSE:TECK), compared to 69 funds in the last quarter. D E Shaw is the largest stakeholder of the company, with nearly 5 million shares worth $261 million.

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