Warrior Met Coal Declares Regular Quarterly Cash Dividend

Rhea-AI Summary

Warrior Met Coal, Inc. (NYSE:HCC) has declared a quarterly cash dividend of $0.06 per share, payable on May 13, 2022, to shareholders of record by May 6, 2022. The company specializes in mining non-thermal metallurgical coal, critical for steel production, primarily serving markets in Europe, South America, and Asia. Warrior operates efficient underground longwall operations in Alabama, producing high-quality hard coking coal (HCC) with low sulfur content, comparable to Australian premium HCC.

Positive

• Declaration of a cash dividend of $0.06 per share
• Strong operational efficiency with longwall mining in Alabama
• Production of high-quality HCC aligned with global steel industry standards

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 $0.06 per share to be paid on May 13, 2022, to stockholders of record as of the close of business on May 6, 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/20220426005116/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 (HCC)?

Warrior Met Coal has declared a cash dividend of $0.06 per share.

When will the dividend be paid to shareholders of HCC?

The dividend will be paid on May 13, 2022.

What is the record date for the HCC dividend payment?

The record date for the dividend payment is May 6, 2022.

What type of coal does Warrior Met Coal produce?

Warrior Met Coal produces non-thermal metallurgical coal, primarily used in steel production.

Where are Warrior Met Coal's operations located?

Warrior Met Coal operates underground mining facilities in Alabama.