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 Thursday, meaning it will likely open 7 cents lower. Shareholders who own HCC as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on November 10, 2023.
October 30, 2023 | 2:46 pm
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Warrior Met Coal has announced a quarterly dividend of 7 cents per share. The stock will likely open lower on the ex-dividend date.
The announcement of a dividend usually leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, on the ex-dividend date, the stock price typically drops by the amount of the dividend as the company's assets decrease by the amount of the dividend payout. In this case, Warrior Met Coal's stock is expected to open 7 cents lower on the ex-dividend date.
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