Warrior Met Coal Declares Regular Quarterly Cash Dividend

Rhea-AI Summary

Warrior Met Coal has declared a quarterly cash dividend of $0.05 per share. This will be paid on August 16, 2021, to stockholders of record by the close of business on August 9, 2021. Warrior is a key player in the metallurgical coal sector, focusing on producing premium hard coking coal (HCC) for steel production globally. The company operates low-cost mines in Alabama, specializing in high-quality, environmentally responsible coal, making it a vital supplier in Europe, South America, and Asia.

Positive

• The declaration of a regular dividend of $0.05 indicates confidence in cash flow.
• Warrior Met Coal operates as a low-cost producer of premium hard coking coal.

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 August 16, 2021, to stockholders of record as of the close of business on August 9, 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/20210730005082/en/

FAQ

What is the dividend amount declared by Warrior Met Coal?

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

When will the dividend be paid for HCC?

The dividend will be paid on August 16, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is August 9, 2021.

How does Warrior Met Coal ensure the quality of its HCC?

Warrior Met Coal produces high-quality hard coking coal from low sulfur seams in Alabama, known for excellent coking properties.