Core Natural Resources, Inc. (CNR) to Issue Quarterly Dividend of $0.10 on June 12th

Core Natural Resources, Inc. (NYSE:CNR) announced a quarterly dividend on Wednesday, May 6th. Investors of record on Friday, May 29th will be given a dividend of 0.10 per share by the energy company on Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Friday, May 29th.

Core Natural Resources has a payout ratio of 2.5% meaning its dividend is sufficiently covered by earnings. Analysts expect Core Natural Resources to earn $5.65 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 7.1%.

Core Natural Resources Stock Up 4.6%

CNR opened at $87.97 on Wednesday. The firm has a market cap of $4.43 billion, a P/E ratio of -72.11 and a beta of 0.14. The business’s fifty day simple moving average is $93.16 and its 200 day simple moving average is $90.30. Core Natural Resources has a 52 week low of $64.15 and a 52 week high of $114.80. The company has a quick ratio of 1.21, a current ratio of 1.70 and a debt-to-equity ratio of 0.11.

Core Natural Resources (NYSE:CNR) last announced its earnings results on Thursday, May 7th. The energy company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.13. The firm had revenue of $899.48 million during the quarter, compared to the consensus estimate of $1.06 billion. Core Natural Resources had a negative net margin of 1.49% and a negative return on equity of 1.69%. The firm’s revenue for the quarter was up 94.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.39 EPS. As a group, equities research analysts anticipate that Core Natural Resources will post 1.7 EPS for the current fiscal year.

Core Natural Resources Company Profile

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.