Warrior Met Coal LLC (HCC) to Issue $0.05 Quarterly Dividend

Warrior Met Coal LLC (NYSE:HCC) declared a quarterly dividend on Tuesday, February 13th, RTT News reports. Investors of record on Friday, February 23rd will be paid a dividend of 0.05 per share on Friday, March 2nd. This represents a $0.20 annualized dividend and a dividend yield of 0.69%.

Warrior Met Coal has decreased its dividend payment by an average of 46.3% annually over the last three years and has increased its dividend annually for the last 11 consecutive years. Warrior Met Coal has a payout ratio of 2.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Warrior Met Coal to earn $4.61 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 4.3%.

Shares of Warrior Met Coal (HCC) traded up $0.90 during trading on Tuesday, hitting $28.90. 784,866 shares of the company traded hands, compared to its average volume of 641,612. Warrior Met Coal has a 12-month low of $15.10 and a 12-month high of $30.49.

Several research firms recently commented on HCC. B. Riley restated a “neutral” rating on shares of Warrior Met Coal in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Warrior Met Coal from a “hold” rating to a “strong-buy” rating and set a $31.00 price target on the stock in a research report on Monday. Royal Bank of Canada lowered shares of Warrior Met Coal from an “outperform” rating to a “sector perform” rating and set a $25.00 price target on the stock. in a research report on Monday, December 4th. Macquarie upgraded shares of Warrior Met Coal from an “underperform” rating to a “hold” rating in a research report on Tuesday, January 23rd. Finally, Seaport Global Securities lowered shares of Warrior Met Coal from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 18th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Warrior Met Coal presently has an average rating of “Buy” and a consensus price target of $26.67.

In related news, Director Franklin Mutual Advisers Llc sold 4,237 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $20.46, for a total transaction of $86,689.02. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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Warrior Met Coal Company Profile

Warrior Met Coal, Inc, formerly Warrior Met Coal, LLC, is a producer and exporter of metallurgical coal for the steel industry from underground mines located in Brookwood, Alabama, southwest of Birmingham and near Tuscaloosa. These underground coalmines are 1,400 to 2,100 feet underground. Its operations serve markets in the United States, Europe, Asia and South America via barge and rail access to the Port of Mobile.

Dividend History for Warrior Met Coal (NYSE:HCC)

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