On 23 October, Warrior Met Coal announced that its Board of Directors declared a regular quarterly cash dividend of US$0.05 per share to be paid on 9 November 2018, to stockholders of record as of the close of business on 2 November 2018.
Warrior Met Coal is a large-scale, low cost US-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 Met Coal produces from the Blue Creek coal seam contains very low sulfur and has strong metallurgical properties, and is of a similar quality to coal referred to as the premium HCC produced in Australia. The premium nature of Warrior Met Coal’s HCC makes it ideally suited as a base feed coal for steel makers and results in price realisations near the Platts Premium Low Volatility Free-On-Board Australia Index price.
Read the article online at: https://www.worldcoal.com/coal/24102018/warrior-met-coal-discloses-quarterly-cash-dividend/