Warrior Met Coal (HCC) to Issue Quarterly Dividend of $0.08 on November 13th

Warrior Met Coal (NYSE:HCC) announced a quarterly dividend on Tuesday, October 27th. Stockholders 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 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, November 6th.

Warrior Met Coal has increased its dividend by an average of 0.1% per year 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 $9.47 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 1.9%

HCC opened at $80.64 on Wednesday. The company has a quick ratio of 2.79, a current ratio of 3.93 and a debt-to-equity ratio of 0.10. Warrior Met Coal has a 52-week low of $64.27 and a 52-week high of $111.42. The firm’s 50 day moving average is $92.96 and its 200-day moving average is $90.05. The firm has a market capitalization of $4.26 billion, a P/E ratio of 19.38 and a beta of 0.75.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.25. The firm had revenue of $509.69 million during the quarter, compared to the consensus estimate of $488.46 million. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%. Warrior Met Coal’s revenue for the quarter was up 71.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 earnings per share. Analysts expect that Warrior Met Coal will post 6.97 EPS for the current fiscal year.

Warrior Met Coal Company Profile

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.