Warrior Met Coal Announces 14% Increase in Regular Quarterly Cash Dividend
February 09 2024 - 4:30PM
Business Wire
Warrior Met Coal, Inc. (NYSE:HCC) (“Warrior” or the “Company”)
today announced that its board of directors has approved an
increase in the regular quarterly cash dividend by 14%. This marks
the third consecutive year the Company has raised its regular
quarterly dividend while developing its world class Blue Creek
reserves. The board of directors declared on February 9, 2024, a
regular quarterly cash dividend of $0.08 per share to be paid on
February 26, 2024, to stockholders of record as of the close of
business on February 20, 2024.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240206252011/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
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