Warrior Met Coal Plans Quarterly Dividend of $0.08 (NYSE:HCC)

Warrior Met Coal (NYSE:HCC) announced a quarterly dividend on Tuesday, February 10th. Stockholders of record on Monday, February 23rd will be paid a dividend of 0.08 per share on Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, February 23rd.

Warrior Met Coal has decreased its dividend payment by an average of 0.3%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Warrior Met Coal has a payout ratio of 7.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Warrior Met Coal to earn $8.96 per share next year, which means the company should continue to be able to cover its $0.32 annual dividend with an expected future payout ratio of 3.6%.

Warrior Met Coal Price Performance

HCC stock traded up $0.26 on Wednesday, reaching $90.57. The company had a trading volume of 569,219 shares, compared to its average volume of 957,345. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.00 and a current ratio of 4.13. The company has a market cap of $4.76 billion, a P/E ratio of 135.18 and a beta of 0.65. Warrior Met Coal has a 1 year low of $38.00 and a 1 year high of $105.35. The company’s fifty day moving average is $90.28 and its 200 day moving average is $73.82.

Analysts Set New Price Targets

HCC has been the subject of several recent research reports. UBS Group set a $108.00 price target on Warrior Met Coal and gave the company a “buy” rating in a research note on Thursday, January 29th. Jefferies Financial Group boosted their target price on shares of Warrior Met Coal from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Zacks Research lowered shares of Warrior Met Coal from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Wall Street Zen lowered shares of Warrior Met Coal from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, BMO Capital Markets upped their price objective on shares of Warrior Met Coal from $65.00 to $72.00 and gave the stock a “market perform” rating in a report on Thursday, November 6th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $93.50.

Warrior Met Coal Company Profile

Warrior Met Coal (NYSE: HCC) is a leading producer of premium metallurgical coal, operating deep underground mining complexes in Central Alabama’s Blue Creek and Brookwood mining districts. The company focuses exclusively on the extraction and sale of high-grade hard coking coal, a critical raw material used in steel production. Its mining operations harness longwall mining technology and rigorous safety protocols to deliver consistent coal quality to customers worldwide.

Warrior Met Coal’s product portfolio centers on premium hard coking coal, semisoft coking coal, and pulverized coal injection (PCI) products.