Warrior Met Coal (NYSE:HCC) Plans Quarterly Dividend of $0.08

Warrior Met Coal (NYSE:HCC) announced a quarterly dividend on Tuesday, October 27th. Shareholders of record on Friday, November 6th will be given a dividend of $0.08 per share on Friday, November 13th. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, November 6th.

Warrior Met Coal has increased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Warrior Met Coal has a payout ratio of 7.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Warrior Met Coal to earn $9.97 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 3.2%.

Warrior Met Coal Price Performance

Warrior Met Coal stock opened at $87.24 on Wednesday. Warrior Met Coal has a 1-year low of $62.24 and a 1-year high of $111.42. The business has a fifty day moving average price of $95.01 and a 200-day moving average price of $90.45.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.25. The company had revenue of $509.69 million during the quarter, compared to analyst estimates of $488.46 million. During the same quarter last year, the business earned $0.11 earnings per share. The firm’s revenue for the quarter was up 71.3% on a year-over-year basis. Research analysts anticipate that Warrior Met Coal will post 6.71 EPS for the current fiscal year.

About Warrior Met Coal

Warrior Met Coal, Inc is a mining company focused on the production and export of high-quality metallurgical coal, also known as met coal. Its products are used primarily by steelmakers in the blast-furnace steelmaking process, where metallurgical coal is converted into coke to support the production of iron and steel.

The company operates underground coal mines and related processing facilities in the Brookwood coal-producing region of Alabama. Warrior Met Coal primarily produces premium hard coking coal and sells its products to customers in international steel markets, serving regions that include Europe, Asia, and the Americas.

Warrior Met Coal was formed from the assets of Walter Energy after Walter Energy’s bankruptcy and began operating as an independent public company in 2016.