Peabody Energy Corporation (BTU) to Issue Quarterly Dividend of $0.08 on September 3rd

Peabody Energy Corporation (NYSE:BTU) declared a quarterly dividend on Thursday, July 31st, RTT News reports. Stockholders of record on Thursday, August 14th will be given a dividend of 0.075 per share by the coal producer on Wednesday, September 3rd. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Thursday, August 14th.

Peabody Energy has a payout ratio of 10.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Peabody Energy to earn $5.30 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 5.7%.

Peabody Energy Price Performance

NYSE BTU opened at $17.61 on Tuesday. The business’s fifty day moving average price is $14.81 and its 200-day moving average price is $14.33. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 17.09 and a beta of 0.53. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.21 and a quick ratio of 1.64. Peabody Energy has a 1-year low of $9.61 and a 1-year high of $29.94.

Peabody Energy (NYSE:BTU) last posted its quarterly earnings data on Thursday, July 31st. The coal producer reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). Peabody Energy had a return on equity of 4.41% and a net margin of 3.43%. The company had revenue of $890.10 million during the quarter, compared to analysts’ expectations of $944.27 million. During the same quarter last year, the company earned $1.42 earnings per share. The company’s revenue for the quarter was down 14.6% on a year-over-year basis. On average, equities analysts predict that Peabody Energy will post 2.61 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Quarry LP acquired a new position in shares of Peabody Energy in the fourth quarter worth about $26,000. Allworth Financial LP increased its stake in shares of Peabody Energy by 315.0% during the first quarter. Allworth Financial LP now owns 2,125 shares of the coal producer’s stock worth $27,000 after purchasing an additional 1,613 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Peabody Energy by 57.7% during the second quarter. Nisa Investment Advisors LLC now owns 2,229 shares of the coal producer’s stock worth $30,000 after purchasing an additional 816 shares in the last quarter. Signaturefd LLC increased its stake in shares of Peabody Energy by 48.5% during the second quarter. Signaturefd LLC now owns 2,353 shares of the coal producer’s stock worth $32,000 after purchasing an additional 768 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Peabody Energy by 70.7% during the first quarter. Harbor Capital Advisors Inc. now owns 3,092 shares of the coal producer’s stock worth $42,000 after purchasing an additional 1,281 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

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.