Peabody Energy Corporation Plans Quarterly Dividend of $0.08 (NYSE:BTU)

Peabody Energy Corporation (NYSE:BTU) declared a quarterly dividend on Tuesday, May 5th. Investors of record on Tuesday, May 19th will be paid a dividend of 0.075 per share by the coal producer on Monday, June 8th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, May 19th.

Peabody Energy has a payout ratio of 10.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Peabody Energy to earn $2.98 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 10.1%.

Peabody Energy Trading Down 5.8%

Shares of BTU opened at $24.97 on Wednesday. The business’s 50-day moving average price is $31.96 and its 200 day moving average price is $31.52. The stock has a market capitalization of $3.04 billion, a P/E ratio of -55.49 and a beta of 0.35. Peabody Energy has a 1-year low of $12.58 and a 1-year high of $41.14. The company has a current ratio of 1.85, a quick ratio of 1.40 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings results on Tuesday, May 5th. The coal producer reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.43). The company had revenue of $973.30 million during the quarter, compared to analysts’ expectations of $977.42 million. Peabody Energy had a negative return on equity of 0.93% and a negative net margin of 1.37%.The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 EPS. Analysts expect that Peabody Energy will post 2.13 earnings per share for the current year.

About Peabody Energy

Peabody Energy Corporation is one of the world’s largest private-sector coal companies, engaged primarily in the production and sale of metallurgical and thermal coal. The company’s operations span surface and underground mines, serving utilities, steel mills and other industrial customers that rely on coal as an essential component in power generation and steelmaking. Peabody’s product portfolio includes high-energy thermal coal for electricity generation and low-volatile metallurgical coal used in steel production, reflecting its diverse end-market reach.

Founded in 1883, Peabody Energy has grown from a regional mining concern into a global energy supplier.