Ramaco Resources, Inc. (NASDAQ:METCB) Raises Dividend to $0.19 Per Share

Key Points

• Ramaco Resources, Inc. has increased its quarterly dividend to $0.19 per share, reflecting a 5.9% rise from the previous quarterly dividend of $0.18.
• The stock is currently trading at approximately $15.81, with a dividend yield of 4.9% based on the new dividend announcement.
• Institutional investors have recently shown increased interest in Ramaco, with Barclays PLC boosting its stake by 19.3% and Wells Fargo increasing its position by 620.7% in the last quarters.

Ramaco Resources, Inc. (NASDAQ:METCB - Get Free Report) declared a quarterly dividend on Saturday, August 30th, Wall Street Journal reports. Shareholders of record on Friday, September 5th will be given a dividend of 0.1918 per share on Friday, September 19th. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Friday, September 5th. This is a 5.9% increase from Ramaco Resources's previous quarterly dividend of $0.18.

Ramaco Resources Price Performance

Ramaco Resources stock traded down $0.08 during mid-day trading on Friday, reaching $16.25. 142,447 shares of the company were exchanged, compared to its average volume of 169,984. The company has a fifty day simple moving average of $12.81 and a 200-day simple moving average of $9.73. Ramaco Resources has a 12 month low of $6.01 and a 12 month high of $20.81. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.36 and a quick ratio of 0.84. The firm has a market cap of $897.49 million, a PE ratio of -35.33 and a beta of 0.89.

Ramaco Resources (NASDAQ:METCB - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported ($0.29) earnings per share (EPS) for the quarter. The business had revenue of $152.96 million during the quarter. Ramaco Resources had a negative net margin of 3.17% and a negative return on equity of 5.70%.

Ramaco Resources Company Profile

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.