Arch Coal, Inc. Class A (ARCH) Announces Dividend Increase – $0.40 Per Share

Arch Coal, Inc. Class A (NYSE:ARCH) announced a quarterly dividend on Tuesday, February 13th, RTT News reports. Shareholders of record on Monday, March 5th will be paid a dividend of 0.40 per share by the energy company on Thursday, March 15th. This represents a $1.60 annualized dividend and a yield of 1.85%. This is a boost from Arch Coal, Inc. Class A’s previous quarterly dividend of $0.35.

Shares of Arch Coal, Inc. Class A (NYSE ARCH) traded down $1.95 during trading hours on Tuesday, reaching $86.63. 122,521 shares of the company’s stock traded hands, compared to its average volume of 324,458. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.79 and a quick ratio of 2.40. Arch Coal, Inc. Class A has a one year low of $60.13 and a one year high of $99.53.

Arch Coal, Inc. Class A (NYSE:ARCH) last released its earnings results on Tuesday, February 13th. The energy company reported $4.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $1.80. The business had revenue of $560.20 million for the quarter, compared to analysts’ expectations of $574.83 million. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.65 earnings per share. analysts anticipate that Arch Coal, Inc. Class A will post 9.21 EPS for the current fiscal year.

Several equities analysts recently issued reports on ARCH shares. Zacks Investment Research upgraded Arch Coal, Inc. Class A from a “hold” rating to a “strong-buy” rating and set a $107.00 price objective on the stock in a research note on Tuesday, January 2nd. B. Riley reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a research report on Wednesday, November 1st. FBR & Co reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a research report on Tuesday, October 31st. Stifel Nicolaus set a $109.00 target price on Arch Coal, Inc. Class A and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Finally, ValuEngine raised Arch Coal, Inc. Class A from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $96.50.

In other news, Director James N. Chapman sold 1,002 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $80.99, for a total transaction of $81,151.98. Following the transaction, the director now directly owns 2,226 shares of the company’s stock, valued at $180,283.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Monarch Alternative Capital Lp sold 500,000 shares of Arch Coal, Inc. Class A stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $85.26, for a total value of $42,630,000.00. The disclosure for this sale can be found here. 1.34% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY WARNING: This news story was first posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2018/02/13/arch-coal-inc-class-a-arch-announces-dividend-increase-0-40-per-share.html.

About Arch Coal, Inc. Class A

Arch Coal, Inc is a coal producer. The Company is engaged in the production of thermal and metallurgical coal from surface and underground mines located throughout the United States, for sale to utility, industrial and steel producers both in the United States and around the world. The Company operates mining complexes in West Virginia, Kentucky, Maryland, Virginia, Illinois, Wyoming and Colorado.

Dividend History for Arch Coal, Inc. Class A (NYSE:ARCH)

Receive News & Ratings for Arch Coal Inc. Class A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Coal Inc. Class A and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply