On 8 May, Peabody announced that its board of directors has declared a quarterly dividend of US$0.14 per share on the company's common stock, payable on 12 June 2019 to shareholders of record on 22 May 2019.
This dividend announcement reflects an increase of US$0.01 per share, or approximately 8%, over the previous quarter's dividend per share, in recognition of the company's strong ongoing cash flow generation. The company also issued a supplemental dividend of US$1.85 per share in March 2019.
Peabody is the leading global pure-play coal company and a member of the Fortune 500, serving power and steel customers in more than 25 countries on six continents. The company offers significant scale, high quality assets, and diversity in geography and products. Peabody is guided by seven core values: safety, customer focus, leadership, people, excellence, integrity and sustainability.
Read the article online at: https://www.worldcoal.com/coal/09052019/peabody-increases-quarterly-dividend-to-us014-per-share/
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