Peabody Energy Co. (NYSE:BTU) to Issue Quarterly Dividend of $0.08

Peabody Energy Co. (NYSE:BTU) announced a quarterly dividend on Thursday, May 2nd, RTT News reports. Shareholders of record on Thursday, May 16th will be given a dividend of 0.075 per share by the coal producer on Wednesday, June 5th. This represents a $0.30 dividend on an annualized basis and a yield of 1.35%.

Peabody Energy has a payout ratio of 11.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Peabody Energy to earn $2.94 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 10.2%.

Peabody Energy Stock Up 3.7 %

Shares of BTU stock traded up $0.79 on Thursday, reaching $22.23. 1,728,346 shares of the company were exchanged, compared to its average volume of 3,627,983. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 4.30 and a beta of 1.01. Peabody Energy has a one year low of $17.71 and a one year high of $27.24. The company has a 50-day moving average of $24.26 and a 200-day moving average of $24.40. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.06 and a quick ratio of 1.70.

Peabody Energy (NYSE:BTU) last released its quarterly earnings data on Thursday, February 8th. The coal producer reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.08). The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.22 billion. Peabody Energy had a return on equity of 21.45% and a net margin of 15.36%. The business’s quarterly revenue was down 24.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.65 EPS. Analysts anticipate that Peabody Energy will post 3.07 earnings per share for the current year.

Wall Street Analyst Weigh In

BTU has been the subject of a number of analyst reports. B. Riley cut their price target on Peabody Energy from $34.00 to $32.00 and set a “buy” rating for the company in a research note on Monday, April 15th. Benchmark reaffirmed a “buy” rating and set a $28.00 target price on shares of Peabody Energy in a research report on Friday, April 12th.

Insider Activity at Peabody Energy

In other Peabody Energy news, CFO Mark Spurbeck sold 6,826 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $24.57, for a total value of $167,714.82. Following the completion of the sale, the chief financial officer now directly owns 75,464 shares of the company’s stock, valued at approximately $1,854,150.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Peabody Energy news, COO Darren Ronald Yeates sold 31,980 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $25.48, for a total value of $814,850.40. Following the completion of the sale, the chief operating officer now directly owns 78,307 shares of the company’s stock, valued at $1,995,262.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Mark Spurbeck sold 6,826 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $24.57, for a total value of $167,714.82. Following the transaction, the chief financial officer now directly owns 75,464 shares in the company, valued at approximately $1,854,150.48. The disclosure for this sale can be found here. Insiders have sold 52,806 shares of company stock valued at $1,339,565 over the last ninety days. Corporate insiders own 0.09% of the company’s stock.

Peabody Energy Company Profile

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.