Warrior Met Coal Declares Regular Quarterly Cash Dividend

Rhea-AI Summary

Warrior Met Coal, Inc. (NYSE:HCC) has declared a quarterly cash dividend of $0.05 per share, scheduled for payment on May 12, 2021, to stockholders recorded as of May 7, 2021. The company specializes in mining non-thermal metallurgical coal, essential for steel production, and operates efficient longwall operations in Alabama. Warrior's high-quality hard coking coal is comparable to Australian premium coal, ensuring strong demand and price realizations near the Platts Premium LV FOB Index price.

Positive

• Quarterly cash dividend of $0.05 per share enhances shareholder income.
• Strong demand for high-quality hard coking coal supports revenue stability.

Negative

• None.

Warrior Met Coal, Inc. (NYSE:HCC) (“Warrior” or the “Company”) today announced its board of directors has declared a regular quarterly cash dividend of $0.05 per share to be paid on May 12, 2021, to stockholders of record as of the close of business on May 7, 2021.

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/20210427005109/en/

FAQ

What is the dividend amount declared by Warrior Met Coal (HCC)?

Warrior Met Coal has declared a dividend of $0.05 per share.

When is the dividend payment date for HCC shareholders?

The dividend will be paid on May 12, 2021.

Who are eligible stockholders for HCC's dividend?

Stockholders of record as of May 7, 2021, are eligible for the dividend.

Why is Warrior Met Coal's hard coking coal significant?

Warrior's hard coking coal is vital for steel production, ensuring high demand in global markets.