Ramaco Resources, Inc. Announces $5.0 Million Fourth-Quarter Dividend

Rhea-AI Summary

Ramaco Resources, Inc. (NASDAQ: METC) has announced a $5.0 million quarterly cash dividend for the fourth quarter of 2022. Shareholders can expect a dividend payment of $0.1133 per common share on December 15, 2022, for those on record by December 1, 2022. The company operates in high-quality, low-cost metallurgical coal production across regions in South West Virginia and Pennsylvania, and it holds a substantial portfolio of intellectual property relating to advanced carbon products.

Positive

• Approval of a $5.0 million quarterly cash dividend for Q4 2022.
• Dividend of $0.1133 per share indicates strong shareholder returns.
• Continuous operations in high-quality coal production across multiple states.

Negative

• None.

LEXINGTON, Ky., Sept. 28, 2022 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC) ("Ramaco Resources" or the "Company") announced that its Board of Directors approved the payment of its established and regular $5.0 million quarterly cash dividend in the fourth quarter of 2022. Specifically, Ramaco Resources will pay the fourth quarter dividend in the amount of $0.1133 per common share on December 15, 2022 to shareholders of record on December 1, 2022.

About Ramaco Resources, Inc.

Ramaco Resources, Inc. is an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia, southwestern Virginia and southwestern Pennsylvania. Its executive offices are in Lexington, Kentucky, with operational offices in Charleston, West Virginia and Sheridan, Wyoming. The Company currently has three active mining complexes in Central Appalachia and one mine not yet in production near Sheridan, Wyoming. Contiguous to the Wyoming mine it operates a research and pilot facility related to the production of advanced carbon products and materials from coal. In connection with these activities, it holds a body of roughly 50 intellectual property patents, pending applications, exclusive licensing agreements and various trademarks. For more information about us, please visit our website at www.ramacoresources.com.

Point of Contact:

INVESTOR RELATIONS: info@ramacocoal.com or 859-244-7455

View original content:https://www.prnewswire.com/news-releases/ramaco-resources-inc-announces-5-0-million-fourth-quarter-dividend-301634915.html

SOURCE Ramaco Resources, Inc.

FAQ

What is the dividend payment date for Ramaco Resources (METC)?

The dividend payment date for Ramaco Resources is December 15, 2022.

How much is the fourth quarter dividend for METC?

The fourth quarter dividend for Ramaco Resources is $0.1133 per common share.

When is the record date for the fourth quarter dividend of METC?

The record date for the fourth quarter dividend is December 1, 2022.

What is the total amount of the quarterly cash dividend announced?

The total amount of the quarterly cash dividend announced is $5.0 million.