Peabody Energy Corporation (NYSE:BTU) Declares Quarterly Dividend of $0.07

Key Points

• Peabody Energy declared a quarterly dividend of $0.075 per share, payable December 9 to shareholders of record November 19. The annualized dividend is $0.30, yielding about 1.8%.
• The dividend appears well covered: the payout ratio is 10.4%, and analysts expect next year’s earnings of $2.82 per share to cover the annual dividend.
• Quarterly results were mixed: Peabody reported an adjusted loss of $0.27 per share, worse than the $0.05 loss analysts expected, while revenue of $1.10 billion exceeded estimates and rose 8.3% year over year.

Peabody Energy Corporation (NYSE:BTU - Get Free Report) declared a quarterly dividend on Wednesday, November 4th. Investors of record on Thursday, November 19th will be paid a dividend of $0.0750 per share by the coal producer on Wednesday, December 9th. This represents a $0.30 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Thursday, November 19th.

Peabody Energy has a dividend payout ratio of 10.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Peabody Energy to earn $2.82 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 10.6%.

Peabody Energy Stock Performance

Peabody Energy stock traded down $3.66 during mid-day trading on Wednesday, reaching $17.00. 9,264,558 shares of the company traded hands, compared to its average volume of 3,014,159. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.01 and a quick ratio of 1.46. Peabody Energy has a fifty-two week low of $15.97 and a fifty-two week high of $41.14. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of -11.34 and a beta of 0.46. The firm's fifty day moving average is $25.54 and its two-hundred day moving average is $28.04.

Peabody Energy (NYSE:BTU - Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The coal producer reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.22). The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.03 billion. Peabody Energy had a negative return on equity of 5.22% and a negative net margin of 4.56%. The company's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.58) earnings per share. On average, equities research analysts expect that Peabody Energy will post -0.70 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Peabody Energy

A number of institutional investors have recently added to or reduced their stakes in the stock. X Square Capital LLC purchased a new position in shares of Peabody Energy in the second quarter valued at approximately $2,470,000. Wealth High Governance Capital Ltda purchased a new stake in shares of Peabody Energy during the first quarter worth approximately $3,463,000. Wealth High Governance Asset Management Ltda. acquired a new position in Peabody Energy in the 1st quarter valued at $2,959,000. Susquehanna Advisors Group Inc. acquired a new position in Peabody Energy in the 2nd quarter valued at $1,081,000. Finally, Van ECK Associates Corp raised its stake in Peabody Energy by 387.1% in the 2nd quarter. Van ECK Associates Corp now owns 1,556,305 shares of the coal producer's stock valued at $35,982,000 after purchasing an additional 1,236,770 shares during the last quarter. Institutional investors and hedge funds own 87.44% of the company's stock.

Peabody Energy Company Profile

Peabody Energy Corp. is a global coal producer and supplier of energy and industrial fuels. The company mines, processes and markets thermal coal, which is primarily used for electricity generation, and metallurgical coal, which is used in steelmaking. Peabody also provides coal-trading and logistics services and works with customers to transport products to domestic and international markets.

Peabody operates mines in the United States and Australia, serving electric utilities, steel producers and other industrial customers.

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