Peabody Energy Co. (NYSE:BTU – Get Free Report) 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.
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.
Check Out Our Latest Report on Peabody Energy
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.
See Also
- Five stocks we like better than Peabody Energy
- Conference Calls and Individual Investors
- Meta Platforms: Rotation or Not, It’s Rally On For This AI Stock
- How to Invest in Biotech Stocks
- Humana Slides on Profitability Concerns Despite Q2 Earnings Beat
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Procter & Gamble Stock Drops Despite Earnings Beat – What to Know
Receive News & Ratings for Peabody Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Peabody Energy and related companies with MarketBeat.com's FREE daily email newsletter.