Ramaco Resources, Inc. (NASDAQ:METCB) Raises Dividend to $0.24 Per Share

Ramaco Resources, Inc. (NASDAQ:METCB) announced a quarterly dividend on Thursday, November 21st,Wall Street Journal reports. Stockholders of record on Monday, December 2nd will be paid a dividend of 0.2364 per share on Monday, December 16th. This represents a $0.95 annualized dividend and a dividend yield of 9.59%. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from Ramaco Resources’s previous quarterly dividend of $0.22.

Ramaco Resources Stock Down 4.0 %

Shares of METCB stock opened at $9.86 on Friday. The business’s fifty day moving average price is $10.54 and its 200 day moving average price is $10.83. Ramaco Resources has a 1-year low of $9.42 and a 1-year high of $16.77.

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.