Ramaco Resources, Inc. (NASDAQ:METCB) to Issue Quarterly Dividend of $0.24

Ramaco Resources, Inc. (NASDAQ:METCB) declared a quarterly dividend on Thursday, November 21st,Wall Street Journal reports. Investors of record on Monday, December 2nd will be given a dividend of 0.2364 per share on Monday, December 16th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 9.55%. The ex-dividend date is Monday, December 2nd. This is a positive change from Ramaco Resources’s previous quarterly dividend of $0.22.

Ramaco Resources Stock Down 3.6 %

METCB stock traded down $0.37 during trading hours on Thursday, hitting $9.90. 108,102 shares of the stock were exchanged, compared to its average volume of 24,530. The company has a 50-day simple moving average of $10.54 and a two-hundred day simple moving average of $10.83. Ramaco Resources has a 12 month low of $9.42 and a 12 month high of $16.77.

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.