Hallador Energy Co (NASDAQ:HNRG) Announces Quarterly Dividend of $0.04

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Hallador Energy Co (NASDAQ:HNRG) announced a quarterly dividend on Tuesday, October 15th, Zacks reports. Stockholders of record on Thursday, October 31st will be paid a dividend of 0.04 per share by the energy company on Friday, November 15th. This represents a $0.16 annualized dividend and a dividend yield of 4.56%. The ex-dividend date is Wednesday, October 30th.

Hallador Energy has a payout ratio of 39.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hallador Energy to earn $0.15 per share next year, which means the company may not be able to cover its $0.16 annual dividend with an expected future payout ratio of 106.7%.

Shares of HNRG traded up $0.22 during trading hours on Thursday, reaching $3.51. The stock had a trading volume of 5 shares, compared to its average volume of 72,330. Hallador Energy has a 12 month low of $3.21 and a 12 month high of $6.63. The firm has a 50-day simple moving average of $3.71 and a 200 day simple moving average of $4.94. The company has a current ratio of 1.33, a quick ratio of 0.63 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $104.96 million, a price-to-earnings ratio of 13.32 and a beta of 0.06.

Hallador Energy (NASDAQ:HNRG) last issued its earnings results on Monday, August 5th. The energy company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.17). Hallador Energy had a return on equity of 4.27% and a net margin of 2.77%. The firm had revenue of $72.31 million during the quarter, compared to the consensus estimate of $81.30 million. On average, equities analysts forecast that Hallador Energy will post 0.33 EPS for the current year.

In other news, Director David C. Hardie bought 30,380 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were bought at an average cost of $3.29 per share, for a total transaction of $99,950.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 33.40% of the stock is owned by company insiders.

A number of brokerages recently issued reports on HNRG. ValuEngine upgraded Hallador Energy from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded Hallador Energy from a “sell” rating to a “hold” rating in a report on Wednesday, October 9th.

About Hallador Energy

Hallador Energy Company, through its subsidiaries, engages in the mining, production, and sale of steam coal for the electric power generation industry in the United States. The company holds interests in the Oaktown 1 mine underground mine located in Knox County, Indiana; the Oaktown 2 mine located in Knox County, Indiana and Lawrence County, Illinois; Carlisle underground coal mine located near the town of Carlisle, Indiana; and Ace in the Hole mine located near Clay City, Indiana.

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Dividend History for Hallador Energy (NASDAQ:HNRG)

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