Warrior Met Coal Declares Special Cash Dividend

Rhea-AI Summary

Warrior Met Coal, Inc. (NYSE:HCC) has declared a special cash dividend of $0.88 per share, set for payment on March 7, 2023. This dividend will benefit shareholders recorded as of the close of business on February 28, 2023. Warrior is recognized for its commitment to sustainable practices as a supplier of non-thermal metallurgical coal, essential for steel production across Europe, South America, and Asia. The company operates efficient longwall mining in Alabama, producing premium hard coking coal (HCC) that competes closely with Australian coal in quality and pricing.

Positive

• Declaration of a special cash dividend of $0.88 per share.
• Dividend payment date set for March 7, 2023, benefiting shareholders of record by February 28, 2023.
• Warrior's commitment to environmentally sustainable mining practices.

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 special cash dividend of $0.88 per share to be paid on March 7, 2023, to stockholders of record as of the close of business on February 28, 2023.

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/20230213005455/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?

Warrior Met Coal has declared a special cash dividend of $0.88 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on March 7, 2023.

Who is eligible to receive the dividend from Warrior Met Coal?

Shareholders of record as of February 28, 2023, are eligible to receive the dividend.

What type of coal does Warrior Met Coal produce?

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

What is the significance of hard coking coal (HCC) for Warrior Met Coal?

HCC is a critical component for steel manufacturing, and Warrior's HCC is known for its premium quality and low sulfur content.