Ramaco Resources, Inc. (NASDAQ:METCB) Announces Quarterly Dividend of $0.22

Ramaco Resources, Inc. (NASDAQ:METCB) declared a quarterly dividend on Monday, August 12th, Wall Street Journal reports. Stockholders of record on Friday, August 30th will be given a dividend of 0.2246 per share on Friday, September 13th. This represents a $0.90 annualized dividend and a dividend yield of 8.48%. The ex-dividend date is Friday, August 30th.

Ramaco Resources Price Performance

Shares of NASDAQ:METCB traded down $0.32 during midday trading on Monday, hitting $10.59. 8,253 shares of the stock were exchanged, compared to its average volume of 26,939. The business’s fifty day simple moving average is $10.96 and its two-hundred day simple moving average is $11.53. Ramaco Resources has a 52-week low of $9.68 and a 52-week high of $17.90.

Ramaco Resources (NASDAQ:METCB) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $155.32 million for the quarter.

Ramaco Resources Company Profile

Ramaco Resources, Inc engages in the development, operation, and sale of metallurgical coal. Its development portfolio includes the Elk Creek project that covers an area of approximately 20,200 acres located in southern West Virginia; the Berwind property covering an area of approximately 62,500 acres situated on the border of West Virginia and Virginia; the Knox Creek property, which covers an area of approximately 64,050 acres is located in Virginia; the Maben property covering an area of approximately 28,000 acres situated in southwestern Pennsylvania southern West Virginia; and the Brook Mine property that covers an area of approximately 16,000 acres located in northeastern Wyoming.