#United States #Metallurgical Coal #Ramaco Resources #Lexington #Class A Dividend

Ramaco Resources Declares Second Quarter Dividend for 2025

On March 17, 2025, Ramaco Resources, Inc. (NASDAQ: METC, METCB) made headlines by announcing the declaration of its second quarter dividend for 2025. This significant announcement was made by the company's Board of Directors, signaling important financial decisions for shareholders.

Dividend Details

The dividend applies to holders of Class A common shares, with the record date set for May 30, 2025. This means that shareholders on record by that date will be entitled to receive a payment made in Class B common stock. The actual payment is scheduled for June 13, 2025.

For this quarter, the Board has approved a quarterly dividend of $0.06875 per share of Class A common stock. However, the unique aspect of this announcement is that the payment will be issued in the form of Class B shares. To determine how many shares holders of Class A common stock will receive, the dividend amount will be divided by the closing transaction price of Class B common stock on the record date.

It is noteworthy that no fractional shares will be distributed. Instead, any fraction of a share will be compensated in cash on the payment date, reflecting the fair value calculated as of the close of Nasdaq on the record date.

Insights from Leadership

Randall Atkins, the Chairman and CEO of Ramaco, addressed the state of the metallurgical coal market in his statement regarding the dividend declaration. He indicated that current market conditions are quite weak and may remain that way for several months. This reality prompted the Board to opt for a reduced dividend payment while also maintaining maximum liquidity.

Despite the reduction, the dividend yield remains roughly at 3%, which is considered the highest yield among its publicly traded metallurgical coal industry peers. With strong liquidity on their balance sheet, Ramaco is well positioned to navigate potential market challenges while also considering opportunities that may arise as supply constraints shift.

Atkins expressed a cautiously optimistic outlook for the second half of the year, anticipating that the market could strengthen due to rising supply cuts in the metallurgical coal sector. Should this trend continue, Ramaco may revisit increasing the dividend back to previous cash levels in alignment with improving market conditions.

Company Overview

Founded as a key player in the metallurgical coal industry, Ramaco Resources operates and develops high-quality, low-cost metallurgical coal primarily in southern West Virginia and southwestern Virginia. Additionally, the company is entering the realm of rare earth and critical mineral production in Wyoming.

Headquartered in Lexington, Kentucky, Ramaco has a significant operational footprint, with four active coal mining complexes located in Central Appalachia and ambitions to expand its operations further. Recently, Ramaco has also made strides in discovering major deposits of primary magnetic rare earths and critical minerals at its mine in Wyoming.

As they continue to explore new opportunities, Ramaco Resources remains committed to their mission in metallurgical coal production while cautiously navigating the challenges of the marketplace. For ongoing news and updates, additional information is available through the company’s investor relations contact or their website.

Conclusion

As Ramaco Resources moves forward with its plans, shareholders and market observers will keep a close watch on both the impact of this dividend declaration and the overall market trends that may influence future payouts. The company’s strategic approach exemplifies a balance between liquidity management and potential growth in a fluctuating industry landscape. Interested parties can find more details and news on their official website and can reach out to their investor relations for further inquiries.