Ramaco Resources, Inc. Announces Fourth Quarter Dividend
Ramaco Resources (NASDAQ: METC) announced its fourth quarter 2024 dividends for both Class A and Class B common shares, to be paid in Class B common stock on December 16, 2024, to shareholders of record on December 2, 2024. Class A shareholders will receive $0.1375 per share and Class B shareholders will receive $0.2364 per share, both converted to Class B shares based on the closing price on December 2. This stock-based dividend will increase the METCB public float by approximately 9%. The company aims to maintain strong liquidity and financial flexibility while addressing institutional investors' interest in improving Class B shares' market liquidity.
Ramaco Resources (NASDAQ: METC) ha annunciato i dividendi del quarto trimestre 2024 per le azioni ordinarie di Classe A e Classe B, che saranno pagati in azioni ordinarie di Classe B il 16 dicembre 2024, agli azionisti registrati il 2 dicembre 2024. Gli azionisti di Classe A riceveranno $0,1375 per azione e gli azionisti di Classe B riceveranno $0,2364 per azione, entrambi convertiti in azioni di Classe B sulla base del prezzo di chiusura del 2 dicembre. Questo dividendo basato su azioni aumenterà il flottante pubblico di METCB di circa il 9%. L'azienda mira a mantenere una forte liquidità e flessibilità finanziaria mentre risponde all'interesse degli investitori istituzionali nel migliorare la liquidità di mercato delle azioni di Classe B.
Ramaco Resources (NASDAQ: METC) anunció sus dividendos para el cuarto trimestre de 2024 tanto para las acciones comunes de Clase A como de Clase B, que se pagarán en acciones comunes de Clase B el 16 de diciembre de 2024, a los accionistas registrados el 2 de diciembre de 2024. Los accionistas de Clase A recibirán $0,1375 por acción y los accionistas de Clase B recibirán $0,2364 por acción, ambos convertidos en acciones de Clase B según el precio de cierre del 2 de diciembre. Este dividendo en acciones aumentará el flotante público de METCB en aproximadamente un 9%. La empresa tiene como objetivo mantener una fuerte liquidez y flexibilidad financiera mientras aborda el interés de los inversores institucionales en mejorar la liquidez del mercado de las acciones de Clase B.
Ramaco Resources (NASDAQ: METC)는 2024년 4분기 클래스 A 및 클래스 B 보통주에 대한 배당금을 발표했습니다. 이 배당금은 2024년 12월 16일 클래스 B 보통주로 지급되며, 2024년 12월 2일 기준 주주들에게 지급됩니다. 클래스 A 주주들은 주당 $0.1375를 받을 것이며, 클래스 B 주주들은 주당 $0.2364를 받을 것입니다. 두 배당금 모두 12월 2일의 종가를 기준으로 클래스 B 주식으로 전환됩니다. 이번 주식 기반 배당금은 METCB의 공공 유통 주식을 약 9% 증가시킬 것입니다. 회사는 기관 투자자들의 클래스 B 주식의 시장 유동성을 개선하려는 관심에 대응하면서 강력한 유동성과 재무 유연성을 유지하는 것을 목표로 합니다.
Ramaco Resources (NASDAQ: METC) a annoncé ses dividendes pour le quatrième trimestre 2024 pour les actions ordinaires de Classe A et de Classe B, qui seront versés en actions ordinaires de Classe B le 16 décembre 2024, aux actionnaires enregistrés le 2 décembre 2024. Les actionnaires de Classe A recevront 0,1375 $ par action et les actionnaires de Classe B recevront 0,2364 $ par action, tous deux convertis en actions de Classe B en fonction du prix de clôture du 2 décembre. Ce dividende basé sur des actions augmentera le flottant public de METCB d'environ 9 %. L'entreprise vise à maintenir une forte liquidité et flexibilité financière tout en répondant à l'intérêt des investisseurs institutionnels pour améliorer la liquidité du marché des actions de Classe B.
Ramaco Resources (NASDAQ: METC) hat seine Dividenden für das vierte Quartal 2024 für die Stammaktien der Klassen A und B bekannt gegeben. Diese werden am 16. Dezember 2024 in Aktien der Klasse B an die zum 2. Dezember 2024 registrierten Aktionäre ausgezahlt. Aktionäre der Klasse A erhalten $0,1375 pro Aktie und Aktionäre der Klasse B erhalten $0,2364 pro Aktie, wobei beide in Klasse B-Aktien basierend auf dem Schlusskurs am 2. Dezember umgewandelt werden. Diese aktienbasierte Dividende wird die öffentliche Streuung von METCB um etwa 9% erhöhen. Das Unternehmen hat sich zum Ziel gesetzt, eine starke Liquidität und finanzielle Flexibilität zu bewahren, während es das Interesse institutioneller Investoren an der Verbesserung der Marktliquidität der Klasse B-Aktien anspricht.
- Maintains strong liquidity position by paying dividends in stock rather than cash
- Increases METCB public float by approximately 9%, potentially improving market liquidity
- Continues dividend payments, showing financial stability
- Change from cash to stock dividends may indicate cash preservation concerns
- Potential dilution of existing shareholders through stock-based dividend payment
Both the Class A and Class B dividends will be paid in shares of Class B common stock and the number of shares to be issued will be based upon the per share closing transaction price of the Class B common stock reported by the Nasdaq Stock Market on the Record Date.
Randall Atkins, Ramaco Resources' Chairman and Chief Executive Officer commented, "With this quarter's dividend we are offering our shareholders the opportunity to receive normal dividends in the form of shares in our Class B stock. This decision reflects our confidence in the Company's future growth, but also our commitment to maintaining both high levels of liquidity and financial optionality as we move into 2025.
This will enable us to maintain our already strong liquidity position. It will also provide us with an ability to react to opportunities which we feel may present themselves over the coming months as coal markets experience continued turbulence.
In addition, we have seen an increasing amount of interest in our Class B shares from investors as we have executed on our met coal production growth platform and hope to soon move forward with development of our critical mineral assets. Institutional investors have also remarked to us to improve market liquidity in the Class B common stock. The declaration of a stock dividend in the Class B common stock answers that by an approximate
We will reserve the optionality to declare future dividends in stock as future operations or market conditions might dictate."
The Board approved and declared the quarterly Class A common stock dividend of
The Board also approved and declared the quarterly Class B common stock dividend of
No fractional shares will be issued in connection with the above-described stock dividends. In lieu of the issuance of fractional shares, the Company will pay in cash on the Payment Date the fair value of the fractions of a share issuable, determined as of the close of Nasdaq on the Record Date and based upon the closing transaction price per share of the Class B common stock reported by Nasdaq on that date.
ABOUT RAMACO RESOURCES
Ramaco Resources, Inc. is an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia, and southwestern Virginia and a developing producer of rare earth and critical minerals in Wyoming. Its executive offices are in Lexington,
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Certain statements contained in this news release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent Ramaco Resources' expectations or beliefs concerning guidance, future events, anticipated revenue, future demand and production levels, macroeconomic trends, the development of ongoing projects, costs and expectations regarding operating results, and it is possible that the results described in this news release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Ramaco Resources' control, which could cause actual results to differ materially from the results discussed in the forward-looking statements. These factors include, without limitation, unexpected delays in our current mine development activities, the ability to successfully ramp up production at our complexes in accordance with the Company's growth initiatives, failure of our sales commitment counterparties to perform, increased government regulation of coal in the United States or internationally, the further decline of demand for coal in export markets and underperformance of the railroads, the expected benefits of the Ramaco Coal and Maben acquisitions to the Company's shareholders, the anticipated benefits and impacts of the Ramaco Coal and Maben acquisitions, and the Company's ability to successfully develop the Brook Mine, including whether the increase in the Company's exploration target and estimates for such mine are realized. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Ramaco Resources does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Ramaco Resources to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements found in Ramaco Resources' filings with the Securities and Exchange Commission ("SEC"), including its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The risk factors and other factors noted in Ramaco Resources' SEC filings could cause its actual results to differ materially from those contained in any forward-looking statement.
POINT OF CONTACT
INVESTOR RELATIONS: info@ramacometc.com or 859-244-7455
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SOURCE Ramaco Resources, Inc.
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