Warrior Met Coal Clarifies Ex-Dividend Date for Special Cash Dividend
November 06 2017 - 4:33PM
Business Wire
Warrior Met Coal, Inc. (“Warrior”) (NYSE: HCC) today clarified
the date on which Warrior’s common stock, par value $0.01 per share
(the “Shares”), will trade ex-dividend of the previously announced
special cash dividend of $11.21 per Share (the “Special Dividend”).
As previously announced, the Special Dividend will be payable on
November 22, 2017 to stockholders of record as of the close of
business on November 13, 2017.
Investors should note that the ex-dividend date is set by the
NYSE. Under the rules of the NYSE, when a dividend is declared in a
per share amount that exceeds 25% of a company’s stock price, the
date on which that company’s shares will begin to trade without the
dividend, or ex-dividend, is the first business day following the
dividend payment date. Accordingly, the NYSE has informed Warrior
that it has set an ex-dividend date for the Special Dividend of
November 24, 2017. Consequently, if a stockholder as of the record
date sells Shares at any time prior to the ex-dividend date of
November 24, 2017, they will not receive the Special Dividend.
Warrior is a large-scale, low-cost U.S. based producer and
exporter of premium hard coking coal (“HCC”) operating highly
efficient longwall operations in its underground mines located in
Alabama. The HCC that Warrior produces from the Blue Creek coal
seam contains very low sulfur and 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 realization near the HCC industry average index price.
Warrior sells all of its met coal production to steel producers in
Europe, South America and Asia. For more information about Warrior
Met Coal, please visit www.warriormetcoal.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20171106006449/en/
Warrior Met Coal, Inc.Analysts and Investors, contact:Dale W.
Boyles, 205-554-6129orNews Media, contact:William Stanhouse,
205-554-6131
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