Warrior Met Coal (HCC) to Issue Quarterly Dividend of $0.08 on November 14th

Warrior Met Coal (NYSE:HCC) declared a quarterly dividend on Tuesday, October 28th. Shareholders of record on Friday, November 7th will be given a dividend of 0.08 per share on Friday, November 14th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, November 7th.

Warrior Met Coal has decreased its dividend by an average of 0.3%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Warrior Met Coal has a dividend payout ratio of 7.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Warrior Met Coal to earn $8.96 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 3.6%.

Warrior Met Coal Stock Down 6.4%

HCC opened at $65.03 on Wednesday. The stock has a fifty day moving average of $62.92 and a 200-day moving average of $54.77. The company has a market capitalization of $3.42 billion, a P/E ratio of 84.57 and a beta of 0.75. Warrior Met Coal has a fifty-two week low of $38.00 and a fifty-two week high of $75.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.44 and a current ratio of 4.59.

Warrior Met Coal (NYSE:HCC) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.39. Warrior Met Coal had a net margin of 3.30% and a return on equity of 2.26%. The business had revenue of $297.52 million during the quarter, compared to analysts’ expectations of $285.63 million. During the same quarter in the previous year, the company earned $1.35 EPS. The business’s revenue was down 25.0% on a year-over-year basis. On average, equities analysts expect that Warrior Met Coal will post 4.86 EPS for the current year.

About Warrior Met Coal

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.