Core Natural Resources, Inc. (NYSE:CNR) Declares $0.10 Quarterly Dividend

Core Natural Resources, Inc. (NYSE:CNR) announced a quarterly dividend on Thursday, May 7th. Investors of record on Friday, May 29th will be paid a dividend of 0.10 per share by the energy company on Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, May 29th.

Core Natural Resources has a payout ratio of 2.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Core Natural Resources to earn $5.65 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 7.1%.

Core Natural Resources Trading Up 0.6%

CNR traded up $0.50 during trading hours on Thursday, reaching $88.27. 1,114,962 shares of the company’s stock traded hands, compared to its average volume of 911,580. The firm has a 50-day moving average price of $94.79 and a 200 day moving average price of $90.05. The firm has a market capitalization of $4.48 billion, a PE ratio of -29.33 and a beta of 0.14. The company has a quick ratio of 1.15, a current ratio of 1.60 and a debt-to-equity ratio of 0.10. Core Natural Resources has a 52-week low of $63.36 and a 52-week high of $114.80.

Core Natural Resources (NYSE:CNR) last released its earnings results on Thursday, May 7th. The energy company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.28. Core Natural Resources had a negative return on equity of 4.05% and a negative net margin of 3.68%.The business had revenue of $899.48 million for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the firm posted $3.39 earnings per share. The business’s revenue was up 94.7% compared to the same quarter last year. As a group, sell-side analysts predict that Core Natural Resources will post 1.7 EPS for the current fiscal year.

Core Natural Resources Company Profile

Core Natural Resources, Inc, together with its subsidiaries, produces and sells bituminous coal in the United States and internationally. It operates through two segments, Pennsylvania Mining Complex (PAMC) and CONSOL Marine Terminal. The company’s PAMC segment engages in the mining, preparing, and marketing of bituminous coal to power generators, industrial end-users, and metallurgical end-users. This segment includes the Bailey Mine, the Enlow Fork Mine, the Harvey Mine, and the central preparation plant.