Warrior Met Coal Declares Special Cash Dividend

Rhea-AI Summary

Warrior Met Coal, Inc. (NYSE:HCC) has declared a special cash dividend of $0.80 per share, payable on August 29, 2022. Stockholders must be on record by the close of business on August 22, 2022. Based in Alabama, Warrior focuses on mining non-thermal metallurgical coal, essential for steel production. The company is recognized for its premium hard coking coal, which exhibits low sulfur content and strong coking properties, ensuring competitive pricing aligned with global market indices.

Positive

• Declared a special cash dividend of $0.80 per share, indicating strong financial health.
• Premium hard coking coal production enhances competitiveness in the steel industry, leading to favorable price realizations.

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 $0.80 per share to be paid on August 29, 2022, to stockholders of record as of the close of business on August 22, 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/20220802005008/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 special dividend amount declared by Warrior Met Coal (HCC)?

Warrior Met Coal has declared a special cash dividend of $0.80 per share.

When will the special dividend for HCC be paid?

The special dividend will be paid on August 29, 2022.

What is the record date for the HCC dividend?

The record date for the dividend is August 22, 2022.

Why is Warrior Met Coal's hard coking coal considered premium?

Warrior's hard coking coal is considered premium due to its low sulfur content and strong coking properties, making it ideal for steel production.

How does Warrior Met Coal perform in the global steel industry?

Warrior Met Coal positions itself as a large-scale, low-cost producer, catering to the global steel industry with its premium metallurgical coal.