Ramaco Resources, Inc. (NASDAQ:METCB) to Issue $0.20 Quarterly Dividend

Ramaco Resources, Inc. (NASDAQ:METCB) declared a quarterly dividend on Wednesday, February 19th,Wall Street Journal reports. Stockholders of record on Friday, February 28th will be paid a dividend of 0.1971 per share on Friday, March 14th. This represents a $0.79 annualized dividend and a dividend yield of 8.77%. The ex-dividend date of this dividend is Friday, February 28th.

Ramaco Resources Trading Up 0.2 %

Shares of NASDAQ METCB traded up $0.02 during mid-day trading on Wednesday, hitting $8.99. 53,634 shares of the stock traded hands, compared to its average volume of 26,093. The stock has a fifty day moving average price of $9.47 and a 200-day moving average price of $10.18. Ramaco Resources has a 52 week low of $8.68 and a 52 week high of $12.98.

About Ramaco Resources

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.