Warrior Met Coal (NYSE:HCC) Shares Will Pay Quarterly Dividend of $0.08

Warrior Met Coal (NYSE:HCC) announced a quarterly dividend on Tuesday, October 27th. Stockholders of record on Friday, November 6th will be paid 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 increased its dividend annually for the last 1 consecutive years. Warrior Met Coal has a payout ratio of 7.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Warrior Met Coal to earn $9.97 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 3.2%.

Warrior Met Coal Price Performance

Shares of NYSE:HCC opened at $87.24 on Wednesday. The company’s fifty day moving average is $95.01 and its two-hundred day moving average is $90.45. Warrior Met Coal has a 12-month low of $62.24 and a 12-month high of $111.42.

Warrior Met Coal (NYSE:HCC) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.25. The company had revenue of $509.69 million during the quarter, compared to analysts’ expectations of $488.46 million. During the same period last year, the company earned $0.11 earnings per share. Warrior Met Coal’s revenue for the quarter was up 71.3% compared to the same quarter last year. On average, equities research analysts forecast that Warrior Met Coal will post 6.71 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on HCC shares. UBS Group lifted their target price on shares of Warrior Met Coal from $98.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, October 8th. Wall Street Zen raised Warrior Met Coal from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 10th. Royal Bank Of Canada increased their price target on Warrior Met Coal from $90.00 to $110.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 16th. Zacks Research lowered Warrior Met Coal from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded shares of Warrior Met Coal from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $104.33.

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.