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

Warrior Met Coal, Inc. (NYSE:HCC) declared a quarterly dividend on Tuesday, February 11th,Wall Street Journal reports. Shareholders of record on Monday, February 24th will be given a dividend of 0.08 per share on Monday, March 3rd. This represents a $0.32 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Monday, February 24th.

Warrior Met Coal has raised its dividend by an average of 17.0% annually over the last three years. Warrior Met Coal has a payout ratio of 4.5% indicating that its dividend is sufficiently covered by earnings. 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

NYSE:HCC opened at $52.66 on Thursday. The company has a current ratio of 5.81, a quick ratio of 4.67 and a debt-to-equity ratio of 0.09. The firm has a fifty day simple moving average of $55.57 and a 200 day simple moving average of $60.03. Warrior Met Coal has a 1-year low of $49.97 and a 1-year high of $75.53. The stock has a market capitalization of $2.75 billion, a PE ratio of 7.27 and a beta of 1.07.

Wall Street Analyst Weigh In

HCC has been the subject of several recent analyst reports. Jefferies Financial Group cut their target price 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 price objective on Warrior Met Coal from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus 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.