Warrior Met Coal (HCC) to Issue Quarterly Dividend of $0.08 on May 7th

Warrior Met Coal (NYSE:HCC) declared a quarterly dividend on Monday, April 20th. Stockholders of record on Friday, May 1st will be paid a dividend of 0.08 per share on Thursday, May 7th. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, May 1st.

Warrior Met Coal has raised its dividend payment by an average of 0.1%per year over the last three years and has raised 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. Research analysts expect Warrior Met Coal to earn $13.70 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 2.3%.

Warrior Met Coal Stock Performance

Shares of HCC opened at $90.51 on Wednesday. The firm’s 50 day moving average is $87.74 and its 200-day moving average is $83.78. The stock has a market capitalization of $4.78 billion, a P/E ratio of 83.04 and a beta of 0.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.19 and a quick ratio of 2.27. Warrior Met Coal has a 12-month low of $40.80 and a 12-month high of $105.35.

Warrior Met Coal (NYSE:HCC) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.18). The business had revenue of $383.99 million during the quarter, compared to analyst estimates of $381.72 million. Warrior Met Coal had a return on equity of 2.71% and a net margin of 4.35%.The business’s revenue for the quarter was up 29.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS. Equities research analysts anticipate that Warrior Met Coal will post 7.79 EPS for the current fiscal 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.