Warrior Met Coal (NYSE:HCC) to Issue Quarterly Dividend of $0.08

Key Points

• Warrior Met Coal declared a quarterly dividend of $0.08 per share, payable November 13 to shareholders of record November 6. The annualized dividend is $0.32, a 0.4% yield.
• The dividend appears well covered: the current payout ratio is 7.8%, and analysts expect next year’s earnings to imply a 3.4% payout ratio.
• In its latest reported quarter, the company earned $1.65 per share and generated $509.69 million in revenue, topping analyst estimates; revenue increased 71.3% year over year.

Warrior Met Coal (NYSE:HCC - Get Free Report) announced a quarterly dividend on Tuesday, October 27th. Investors 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 yield of 0.4%. The ex-dividend date is Friday, November 6th.

Warrior Met Coal has raised its dividend payment by an average of 0.1% annually 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% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Warrior Met Coal to earn $9.47 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 3.4%.

Warrior Met Coal Price Performance

Shares of HCC opened at $80.64 on Wednesday. Warrior Met Coal has a twelve month low of $64.27 and a twelve month high of $111.42. The stock's 50 day moving average is $92.96 and its two-hundred day moving average is $90.05. The firm has a market capitalization of $4.26 billion, a PE ratio of 19.38 and a beta of 0.75. The company has a current ratio of 3.93, a quick ratio of 2.79 and a debt-to-equity ratio of 0.10.

Warrior Met Coal (NYSE:HCC - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.25. The company had revenue of $509.69 million for the quarter, compared to analysts' expectations of $488.46 million. Warrior Met Coal had a return on equity of 10.02% and a net margin of 13.05%. The firm's quarterly revenue was up 71.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 EPS. Research analysts anticipate that Warrior Met Coal will post 6.97 earnings per share for the current 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.

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