Peabody Energy Co. (BTU) to Issue Quarterly Dividend of $0.08 on December 4th

Peabody Energy Co. (NYSE:BTU) announced a quarterly dividend on Thursday, October 31st,RTT News reports. Shareholders of record on Thursday, November 14th will be given a dividend of 0.075 per share by the coal producer on Wednesday, December 4th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, November 14th.

Peabody Energy has a payout ratio of 11.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Peabody Energy to earn $2.82 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 10.6%.

Peabody Energy Price Performance

Shares of BTU opened at $28.23 on Tuesday. The business has a 50-day simple moving average of $24.74 and a two-hundred day simple moving average of $23.48. Peabody Energy has a 12-month low of $20.21 and a 12-month high of $29.94. The stock has a market cap of $3.55 billion, a PE ratio of 7.47 and a beta of 0.98. The company has a quick ratio of 1.75, a current ratio of 2.32 and a debt-to-equity ratio of 0.09.

Peabody Energy (NYSE:BTU) last issued its quarterly earnings data on Thursday, October 31st. The coal producer reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.16. Peabody Energy had a net margin of 12.24% and a return on equity of 14.74%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned $0.80 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis. Analysts anticipate that Peabody Energy will post 3.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of Peabody Energy from $25.00 to $26.00 and gave the company a “market perform” rating in a report on Thursday, October 10th. B. Riley raised their target price on Peabody Energy from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, September 17th. Finally, Benchmark lifted their target price on Peabody Energy from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, November 1st.

Insider Transactions at Peabody Energy

In related news, CFO Mark Spurbeck sold 10,000 shares of Peabody Energy stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $29.52, for a total value of $295,200.00. Following the completion of the sale, the chief financial officer now owns 65,710 shares of the company’s stock, valued at approximately $1,939,759.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.09% of the stock is owned by insiders.

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.