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

Warrior Met Coal, Inc. (NYSE:HCC) announced a quarterly dividend on Tuesday, February 11th,Wall Street Journal reports. Stockholders 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 dividend yield of 0.61%. The ex-dividend date of this dividend is Monday, February 24th.

Warrior Met Coal has increased its dividend by an average of 17.0% per year over the last three years. Warrior Met Coal has a dividend payout ratio of 4.5% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Shares of NYSE HCC traded down $0.95 during midday trading on Wednesday, reaching $52.66. The stock had a trading volume of 873,243 shares, compared to its average volume of 674,252. The stock has a 50-day moving average of $55.87 and a 200-day moving average of $60.09. 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 has a market capitalization of $2.75 billion, a price-to-earnings ratio of 7.27 and a beta of 1.07. Warrior Met Coal has a 12-month low of $49.97 and a 12-month high of $75.53.

Wall Street Analyst Weigh In

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