Warrior Met Coal: Dividend Insights
Portfolio Pulse from Benzinga Insights
Warrior Met Coal (NYSE:HCC) has announced a quarterly dividend of 7 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 7 cents lower. Shareholders who own HCC as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on August 14, 2023.
August 04, 2023 | 9:16 am
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NEUTRAL IMPACT
Warrior Met Coal's announcement of a 7 cents per share dividend may cause the stock to open lower on the ex-dividend date. However, this is a regular part of the dividend process and not a reflection of the company's performance.
The announcement of a dividend often leads to a decrease in the stock price on the ex-dividend date. This is because the stock price is adjusted to reflect the payout. However, this is a normal part of the dividend process and does not reflect negatively on the company's performance. Investors who hold the stock until the ex-dividend date will receive the dividend.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100