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Peabody reported net income of $39.6 million for Q1 2024, down from $268.5 million in the prior year. The company completed the strategic Wards Well acquisition, repurchased $80.4 million of shares, and declared a dividend of $0.075 per share. Despite production challenges, the company affirms its full-year guidance and is focused on shifting cash flows to metallurgical coal.
Peabody's Board of Directors declared a quarterly dividend of $0.075 per share on its common stock, payable on June 5, 2024, to stockholders of record on May 16, 2024. Peabody is a coal producer focusing on sustainable energy and steel production.