Core Natural Resources, Inc. (NYSE:CNR) Plans $0.10 Quarterly Dividend

Core Natural Resources, Inc. (NYSE:CNR) announced a quarterly dividend on Thursday, August 6th. Stockholders of record on Monday, August 31st will be paid a dividend of 0.10 per share by the energy company on Friday, September 18th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, August 31st.

Core Natural Resources has a payout ratio of 2.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Core Natural Resources to earn $5.33 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 7.5%.

Core Natural Resources Trading Up 7.3%

Shares of NYSE:CNR traded up $6.10 during trading on Thursday, reaching $89.78. The company’s stock had a trading volume of 1,089,654 shares, compared to its average volume of 804,355. The company has a current ratio of 1.70, a quick ratio of 1.21 and a debt-to-equity ratio of 0.11. Core Natural Resources has a 12 month low of $68.78 and a 12 month high of $114.80. The stock has a market capitalization of $4.53 billion, a PE ratio of -73.59 and a beta of 0.14. The firm’s 50 day simple moving average is $84.92 and its two-hundred day simple moving average is $89.95.

Core Natural Resources (NYSE:CNR) last issued its quarterly earnings results on Thursday, August 6th. The energy company reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $1.91. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.11 billion. Core Natural Resources had a negative return on equity of 1.69% and a negative net margin of 1.49%. On average, research analysts predict that Core Natural Resources will post 2.45 EPS for the current fiscal year.

About Core Natural Resources

Core Natural Resources, Inc, together with its subsidiaries, produces and sells bituminous coal in the United States and internationally. It operates through two segments, Pennsylvania Mining Complex (PAMC) and CONSOL Marine Terminal. The company’s PAMC segment engages in the mining, preparing, and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.