Warrior Met Coal Announces 20% Increase in Regular Quarterly Cash Dividend

Rhea-AI Summary

Warrior Met Coal, Inc. (NYSE:HCC) announced a 20% increase in its regular quarterly cash dividend, now set at $0.06 per share. The dividend will be paid on March 10, 2022, to stockholders of record as of March 3, 2022. This adjustment indicates the company's commitment to shareholder returns and financial health. Warrior is a leading supplier of non-thermal metallurgical coal utilized in steel production, headquartered in Alabama, with operations focusing on efficiency and environmental considerations.

Positive

• 20% increase in quarterly cash dividend enhances shareholder returns.
• Continued strong pricing realization near Platts Premium LV FOB Index.

Negative

• None.

BROOKWOOD, Ala.--(BUSINESS WIRE)-- Warrior Met Coal, Inc. (NYSE:HCC) (“Warrior” or the “Company”) today announced that its board of directors has approved an increase in the regular quarterly cash dividend by 20%. The board of directors declared on February 18, 2021, a regular quarterly cash dividend of $0.06 per share to be paid on March 10, 2022, to stockholders of record as of the close of business on March 3, 2022.

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/20220216005719/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 new dividend amount for HCC?

The new dividend amount for HCC is $0.06 per share.

When is the dividend for HCC paid?

The dividend for HCC will be paid on March 10, 2022.

What is the record date for HCC's dividend?

The record date for HCC's dividend is March 3, 2022.

What percentage increase was announced for HCC's dividend?

HCC announced a 20% increase in its quarterly cash dividend.