Peabody Energy Co. (BTU) to Issue Quarterly Dividend of $0.08 on March 11th

Peabody Energy Co. (NYSE:BTU) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Stockholders of record on Wednesday, February 19th will be given a dividend of 0.075 per share by the coal producer on Tuesday, March 11th. This represents a $0.30 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Wednesday, February 19th.

Peabody Energy has a dividend payout ratio of 10.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Peabody Energy to earn $5.01 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 6.0%.

Peabody Energy Trading Down 5.2 %

NYSE:BTU opened at $16.22 on Monday. The company has a market capitalization of $1.97 billion, a PE ratio of 6.01 and a beta of 0.95. The company has a quick ratio of 1.75, a current ratio of 2.15 and a debt-to-equity ratio of 0.27. Peabody Energy has a 52-week low of $15.79 and a 52-week high of $29.94. The stock has a fifty day simple moving average of $19.38 and a 200-day simple moving average of $22.63.

Peabody Energy (NYSE:BTU) last announced its earnings results on Thursday, February 6th. The coal producer reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.25). Peabody Energy had a net margin of 8.75% and a return on equity of 10.33%. On average, equities research analysts expect that Peabody Energy will post 2.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BTU shares. Jefferies Financial Group cut their target price on shares of Peabody Energy from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Benchmark cut their target price on shares of Peabody Energy from $30.00 to $26.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Finally, BMO Capital Markets raised shares of Peabody Energy from a “market perform” rating to an “outperform” rating and set a $26.00 price objective for the company in a research note on Monday, December 16th.

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.