BROOKWOOD, Ala.--(BUSINESS WIRE)--
Warrior Met Coal, Inc. (NYSE:HCC) (“Warrior” or the “Company”) today
announced that its board of directors has declared a special cash
dividend (the “Special Dividend”) of approximately $4.41 per share of
Warrior’s common stock, par value $0.01 per share. The Special Dividend,
totaling an aggregate payment of $230 million, will be paid on May 14,
2019, to stockholders of record as of the close of business on May 6,
2019. The Special Dividend will be funded through cash on hand.
About Warrior Met Coal
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 realizations near the Australian LV Index.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190423005616/en/
For Investors:
Dale W. Boyles, 205-554-6129
[email protected]
For Media:
William Stanhouse, 205-554-6131
[email protected]
Source: Warrior Met Coal, Inc.