Warrior Met Coal Inc (NYSE:HCC) declared a quarterly dividend on Tuesday, October 23rd, RTT News reports. Shareholders of record on Friday, November 2nd will be given a dividend of 0.05 per share on Friday, November 9th. This represents a $0.20 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, November 1st.
Warrior Met Coal has decreased its dividend by an average of 46.3% annually over the last three years and has increased its dividend every year for the last 11 years. Warrior Met Coal has a payout ratio of 2.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Warrior Met Coal to earn $5.03 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 4.0%.
NYSE HCC opened at $27.47 on Wednesday. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 3.17 and a beta of 0.50. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.53 and a quick ratio of 2.02. Warrior Met Coal has a 1-year low of $18.56 and a 1-year high of $33.72.
Several research firms have weighed in on HCC. Zacks Investment Research upgraded Warrior Met Coal from a “sell” rating to a “buy” rating and set a $33.00 price target for the company in a report on Wednesday, October 17th. Citigroup raised their price objective on Warrior Met Coal from $25.87 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, July 11th. Morgan Stanley raised their price objective on Warrior Met Coal from $27.00 to $29.00 and gave the company a “hold” rating in a research note on Tuesday, October 2nd. ValuEngine raised Warrior Met Coal from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 26th. Finally, B. Riley raised their price objective on Warrior Met Coal from $25.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, September 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Warrior Met Coal currently has an average rating of “Hold” and a consensus price target of $31.00.
About Warrior Met Coal
Warrior Met Coal, Inc produces and exports 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.
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