Ramaco Resources Announces First Quarter Class A Stock Dividend for 2025

Ramaco Resources Announces First Quarter Class A Stock Dividend Details

On March 4, 2025, Ramaco Resources, Inc. (NASDAQ: METC, METCB) unveiled its plans for the first quarter Class A common stock dividend. The company, known for its efficient production of metallurgical coal in Central Appalachia and development of rare earth elements in Wyoming, aims to reward its shareholders with a dividend of $0.1375 per share of Class A common stock.

Key Dividend Information

The Board of Directors approved the quarterly dividend, which is set to be payable on March 14, 2025. Shareholders must hold their shares by the record date of February 28, 2025, to qualify for this payment. Notably, the dividend will be distributed in shares of Class B common stock.

For every share of Class A common stock, shareholders will receive shares of Class B common stock determined by dividing the dividend amount by the closing transaction price of Class B stock as of the record date, which was noted at $8.85.

This means that each Class A shareholder will get approximately 0.015537 shares of Class B stock for every Class A share held as of the closing on February 28, 2025. It’s important to note that fractional shares will not be issued in this process. Instead, Ramaco will provide a cash payment on the payment date that represents the fair value of any fractions of a share that would have been issued.

Company Overview

Ramaco Resources is a notable player in the coal industry, focusing primarily on low-cost metallurgical coal production in southern West Virginia and southwestern Virginia. Recently, the company has also been making strides as a developer of coal, rare earth, and critical minerals in Wyoming. The executive offices are based in Lexington, Kentucky, with operational sites in Charleston and Sheridan as well. Currently, Ramaco operates four active metallurgical coal mining complexes and is furthering its projects in Wyoming, particularly with the discovery of rare earths and critical minerals.

In 2023, substantial progress was marked by the identification of significant deposits of primary magnetic rare earths and critical minerals adjacent to its mine operations in Sheridan. Alongside these efforts, the company manages a research and pilot facility aimed at producing advanced carbon-based materials from coal, supported by a portfolio of around 76 intellectual property rights and licenses.

Conclusion

This move to declare a dividend aligns with Ramaco's strategy to enhance shareholder value while maintaining its growth trajectory in the coal and minerals sector. The upcoming dividend showcases the company's commitment to rewarding its investors even as it navigates the complexities of the coal industry and global market demands. For more detailed insights, investors can refer to the company’s filings with the Securities and Exchange Commission or visit their website at Ramaco Resources.

For additional inquiries, stakeholders can reach out to Ramaco’s Investor Relations through their hotline at (859) 244-7455.