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

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

Warrior Met Coal has raised 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 dividend 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 Stock Performance

Shares of HCC opened at $87.24 on Wednesday. The firm’s fifty day simple moving average is $95.01 and its 200-day simple moving average is $90.45. Warrior Met Coal has a twelve month low of $62.24 and a twelve month high of $111.42.

Warrior Met Coal (NYSE:HCC) last issued its earnings results on Wednesday, August 5th. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.25. The firm had revenue of $509.69 million for the quarter, compared to analyst estimates of $488.46 million. The business’s revenue for the quarter was up 71.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 EPS. Sell-side analysts anticipate that Warrior Met Coal will post 6.71 earnings per share for the current fiscal year.

About Warrior Met Coal

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.