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, scheduled for payment on November 11, 2022. Stockholders of record as of the close of business on November 4, 2022 will receive this payment. Warrior is engaged in supplying non-thermal metallurgical coal, crucial for steel production in Europe, South America, and Asia. Known for its low sulfur and quality, Warrior's hard coking coal competes closely with premium Australian coal.

Positive

• Quarterly cash dividend of $0.06 per share enhances shareholder returns.
• Strong positioning in the global steel industry as a low-cost producer of high-quality metallurgical coal.

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 November 11, 2022, to stockholders of record as of the close of business on November 4, 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/20221024005141/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 quarterly cash dividend of $0.06 per share.

When is the dividend payment date for HCC shareholders?

The dividend payment date is set for November 11, 2022.

Who qualifies for the HCC dividend payment?

Stockholders of record as of the close of business on November 4, 2022, will qualify for the dividend.

What type of coal does Warrior Met Coal produce?

Warrior Met Coal produces metallurgical coal, which is essential for steel production.