Peabody Energy Co. Announces Quarterly Dividend of $0.08 (NYSE:BTU)

Peabody Energy Co. (NYSE:BTU) announced a quarterly dividend on Thursday, August 1st, RTT News reports. Investors of record on Thursday, August 15th will be given a dividend of 0.075 per share by the coal producer on Wednesday, September 4th. This represents a $0.30 annualized dividend and a yield of 1.35%.

Peabody Energy has a dividend payout ratio of 11.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Peabody Energy to earn $2.67 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 11.2%.

Peabody Energy Price Performance

Shares of NYSE BTU opened at $22.22 on Thursday. The stock has a market capitalization of $2.83 billion, a PE ratio of 6.19 and a beta of 0.97. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.36 and a quick ratio of 1.86. The business has a fifty day moving average price of $22.99 and a two-hundred day moving average price of $23.86. Peabody Energy has a fifty-two week low of $21.00 and a fifty-two week high of $27.24.

Peabody Energy (NYSE:BTU) last announced its quarterly earnings data on Thursday, May 2nd. The coal producer reported $0.30 earnings per share for the quarter, meeting the consensus estimate of $0.30. Peabody Energy had a return on equity of 14.98% and a net margin of 11.62%. The firm had revenue of $983.60 million during the quarter, compared to analysts’ expectations of $980.03 million. During the same period in the previous year, the firm earned $1.69 EPS. The company’s quarterly revenue was down 27.9% compared to the same quarter last year. As a group, equities analysts predict that Peabody Energy will post 2.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BTU. BMO Capital Markets lowered their price target on Peabody Energy from $25.00 to $24.00 and set a “market perform” rating for the company in a report on Friday, May 3rd. B. Riley lowered their price target on Peabody Energy from $32.00 to $31.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Finally, Benchmark reissued a “buy” rating and set a $28.00 price target on shares of Peabody Energy in a report on Friday, May 3rd.

About Peabody Energy

Peabody Energy Corporation engages in coal mining business in the United States, Japan, Taiwan, Australia, India, Brazil, Belgium, Chile, France, Indonesia, China, Vietnam, South Korea, Germany, and internationally. The company operates through Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S.