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

Warrior Met Coal (NYSE:HCC) declared a quarterly dividend on Tuesday, July 28th. Shareholders of record on Monday, August 10th will be given a dividend of 0.08 per share on Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Monday, August 10th.

Warrior Met Coal has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 1 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 $9.55 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 3.4%.

Warrior Met Coal Trading Down 2.1%

HCC stock opened at $78.98 on Wednesday. Warrior Met Coal has a twelve month low of $49.07 and a twelve month high of $110.39. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 30.14 and a beta of 0.65. The company has a quick ratio of 2.42, a current ratio of 3.48 and a debt-to-equity ratio of 0.11. The firm’s fifty day simple moving average is $87.87 and its two-hundred day simple moving average is $88.92.

Warrior Met Coal (NYSE:HCC) last released its earnings results on Thursday, April 30th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.04). The firm had revenue of $458.59 million during the quarter, compared to the consensus estimate of $467.57 million. Warrior Met Coal had a return on equity of 6.44% and a net margin of 9.36%.Warrior Met Coal’s revenue was up 52.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.16) EPS. As a group, analysts anticipate that Warrior Met Coal will post 6.89 earnings per share for the current year.

About Warrior Met Coal

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.