4 Coal Stocks that Pay Dividends

1. Teck Resources Limited (NYSE:TECK)

Number of Hedge Fund Holders: 46

Dividend Yield as of August 19: 1.12%  

Teck Resources Limited (NYSE:TECK) is a diversified metals and mining firm. The company has one of the most impressive dividend profiles in the coal sector. In the past eleven years, it has consistently paid a dividend to shareholders. The sector median in this regard is just two years. This payout has registered growth in the past twelve months. On July 27, the firm declared a quarterly dividend of C$0.125 per share, in line with previous. The dividend is payable to shareholders by mid-September. 

On August 16, investment advisory Stifel maintained a Buy rating on Teck Resources Limited (NYSE:TECK) stock and lowered the price target to C$59 from C$62. Analyst Alex Terentiew issued the ratings update. 

Among the hedge funds being tracked by Insider Monkey, New York-based firm Soroban Capital Partners is a leading shareholder in Teck Resources Limited (NYSE:TECK) with 13 million shares worth more than $416 million. Overall, at the end of the second quarter of 2022, 46 hedge funds in the database of Insider Monkey held stakes worth $2 billion in Teck Resources Limited (NYSE:TECK), compared to 56 in the preceding quarter worth $2.6 billion. 

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