Peabody Energy Corporation (NYSE:BTU) to Issue $0.07 Quarterly Dividend

Peabody Energy Corporation (NYSE:BTU) announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Wednesday, August 12th will be paid a dividend of 0.075 per share by the coal producer on Thursday, September 3rd. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Wednesday, August 12th.

Peabody Energy has a payout ratio of 10.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Peabody Energy to earn $3.36 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 8.9%.

Peabody Energy Trading Down 9.7%

Shares of BTU stock opened at $20.98 on Thursday. Peabody Energy has a 1 year low of $14.25 and a 1 year high of $41.14. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.87 and a quick ratio of 1.37. The stock’s 50 day simple moving average is $24.80 and its two-hundred day simple moving average is $29.60. The company has a market cap of $2.55 billion, a PE ratio of -21.19 and a beta of 0.38.

Peabody Energy (NYSE:BTU) last announced its earnings results on Wednesday, July 29th. The coal producer reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.43). Peabody Energy had a negative return on equity of 2.80% and a negative net margin of 3.07%.The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the firm posted ($0.23) EPS. Peabody Energy’s revenue for the quarter was up 12.7% compared to the same quarter last year. Research analysts predict that Peabody Energy will post 0.48 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BTU. Byrne Asset Management LLC boosted its position in Peabody Energy by 39.4% in the 2nd quarter. Byrne Asset Management LLC now owns 9,600 shares of the coal producer’s stock valued at $222,000 after buying an additional 2,715 shares during the period. Wealth High Governance Capital Ltda bought a new stake in shares of Peabody Energy during the first quarter valued at approximately $3,463,000. Wealth High Governance Asset Management Ltda. bought a new stake in shares of Peabody Energy during the first quarter valued at approximately $2,959,000. Rathbones Group PLC purchased a new stake in shares of Peabody Energy in the first quarter valued at approximately $240,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of Peabody Energy by 279.2% in the first quarter. NewEdge Advisors LLC now owns 148,965 shares of the coal producer’s stock valued at $4,908,000 after purchasing an additional 109,678 shares during the period. Hedge funds and other institutional investors own 87.44% of the company’s stock.

Peabody Energy Company Profile

Peabody Energy Corporation is one of the world’s largest private-sector coal companies, engaged primarily in the production and sale of metallurgical and thermal coal. The company’s operations span surface and underground mines, serving utilities, steel mills and other industrial customers that rely on coal as an essential component in power generation and steelmaking. Peabody’s product portfolio includes high-energy thermal coal for electricity generation and low-volatile metallurgical coal used in steel production, reflecting its diverse end-market reach.

Founded in 1883, Peabody Energy has grown from a regional mining concern into a global energy supplier.