Warrior Met Coal, Inc. Declares Quarterly Dividend of $0.08 (NYSE:HCC)

Warrior Met Coal, Inc. (NYSE:HCC) declared a quarterly dividend on Wednesday, February 12th,Wall Street Journal reports. Shareholders of record on Monday, February 24th will be paid a dividend of 0.08 per share on Monday, March 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Monday, February 24th.

Warrior Met Coal has raised its dividend payment by an average of 17.0% annually over the last three years. Warrior Met Coal has a dividend payout ratio of 4.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Warrior Met Coal to earn $5.60 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 5.7%.

Warrior Met Coal Stock Performance

Shares of Warrior Met Coal stock traded down $0.95 on Wednesday, reaching $52.66. 860,043 shares of the company were exchanged, compared to its average volume of 674,244. Warrior Met Coal has a 1-year low of $49.97 and a 1-year high of $75.53. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 7.27 and a beta of 1.07. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.67 and a current ratio of 5.81. The company’s 50-day moving average is $55.87 and its two-hundred day moving average is $60.09.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HCC shares. Jefferies Financial Group reduced their price target on shares of Warrior Met Coal from $75.00 to $65.00 and set a “buy” rating for the company in a report on Monday, January 6th. B. Riley upped their target price on shares of Warrior Met Coal from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $75.00.

About Warrior Met Coal

Warrior Met Coal, Inc produces and exports non-thermal metallurgical coal for the steel industry. It operates two underground mines located in Alabama. The company sells its metallurgical coal to a customer base of blast furnace steel producers located primarily in Europe, South America, and Asia. It also sells natural gas, which is extracted as a byproduct from coal production.