Peabody Energy Corporation (BTU) To Go Ex-Dividend on August 12th

Peabody Energy Corporation (NYSE:BTU) declared a quarterly dividend on Monday, July 27th. Investors of record on Wednesday, August 12th will be given a dividend of 0.075 per share by the coal producer on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, August 12th.

Peabody Energy has a dividend payout ratio of 10.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Peabody Energy to earn $3.01 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 10.0%.

Peabody Energy Stock Performance

NYSE BTU opened at $23.80 on Monday. The company has a current ratio of 2.01, a quick ratio of 1.46 and a debt-to-equity ratio of 0.10. The company has a fifty day simple moving average of $24.29 and a 200 day simple moving average of $28.97. The company has a market cap of $2.90 billion, a P/E ratio of -15.87 and a beta of 0.34. Peabody Energy has a 12-month low of $15.67 and a 12-month high of $41.14.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings results on Wednesday, July 29th. The coal producer reported ($0.74) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.36). The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $1.02 billion. Peabody Energy had a negative net margin of 4.56% and a negative return on equity of 5.22%. Peabody Energy’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.23) EPS. Sell-side analysts predict that Peabody Energy will post 0.33 earnings per share for the current fiscal year.

Peabody Energy Company Profile

Peabody Energy Corporation is one of the world’s largest private-sector coal companies, engaged primarily in the production and sale of metallurgical and thermal coal. The company’s operations span surface and underground mines, serving utilities, steel mills and other industrial customers that rely on coal as an essential component in power generation and steelmaking. Peabody’s product portfolio includes high-energy thermal coal for electricity generation and low-volatile metallurgical coal used in steel production, reflecting its diverse end-market reach.

Founded in 1883, Peabody Energy has grown from a regional mining concern into a global energy supplier.