Warrior Declares Regular Quarterly Cash Dividend

Rhea-AI Summary

Warrior Met Coal, Inc. (NYSE:HCC) has declared a quarterly cash dividend of $0.07 per share, set to be paid on May 12, 2023, to shareholders recorded by the close of business on May 5, 2023. Warrior, based in Alabama, is a supplier of metallurgical coal critical for steel production, focusing on low-cost, high-quality production. The coal produced is comparable to premium Australian hard coking coal (HCC) and is in demand across Europe, South America, and Asia. This dividend payout demonstrates the company's commitment to shareholder returns while reinforcing its standing in the metallurgical coal market.

Positive

• Quarterly cash dividend of $0.07 per share, reinforcing shareholder value.
• Company operates as a low-cost producer of premium HCC coal.
• Strong demand for metallurgical coal in global markets, particularly in steel production.

Negative

• None.

BROOKWOOD, Ala.--(BUSINESS WIRE)-- Warrior Met Coal, Inc. (NYSE:HCC) (“Warrior” or the “Company”) today announced that its board of directors has declared a regular quarterly cash dividend of $0.07 per share to be paid on May 12, 2023, to stockholders of record as of the close of business on May 5, 2023.

About Warrior

Warrior is a U.S.-based, environmentally, and socially minded supplier to the global steel industry. It is dedicated entirely to mining non-thermal metallurgical (met) coal used as a critical component of steel production by metal manufacturers in Europe, South America, and Asia. Warrior is a large-scale, low-cost producer and exporter of premium met coal, also known as hard coking coal (“HCC”), operating highly efficient longwall operations in its underground mines based in Alabama. The HCC that Warrior produces from the Blue Creek coal seam contains very low sulfur, has strong coking properties and is of a similar quality to coal referred to as the premium HCC produced in Australia. The premium nature of Warrior’s HCC makes it ideally suited as a base feed coal for steel makers and results in price realizations near the Platts Premium LV FOB Index price. For more information, please visit www.warriormetcoal.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230424005602/en/

For Investors:

Dale W. Boyles, 205-554-6129

dale.boyles@warriormetcoal.com

For Media:

D’Andre Wright, 205-554-6131

dandre.wright@warriormetcoal.com

Source: Warrior Met Coal, Inc.

FAQ

What is the dividend amount declared by Warrior Met Coal for May 2023?

Warrior Met Coal declared a dividend of $0.07 per share.

When will the dividend be paid to shareholders of Warrior Met Coal?

The dividend will be paid on May 12, 2023.

Who is eligible to receive the dividend from Warrior Met Coal?

Shareholders of record as of the close of business on May 5, 2023, are eligible to receive the dividend.

What type of coal does Warrior Met Coal specialize in?

Warrior Met Coal specializes in metallurgical coal used for steel production.