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LEXINGTON, Ky. - Ramaco Resources, Inc. (NASDAQ: NASDAQ:METC), an operator and developer of metallurgical coal and rare earth elements, has announced a quarterly cash dividend for its Class B common stock. The Board of Directors declared a dividend of $0.1971 per share, payable on March 14, 2025, to shareholders on record as of February 28, 2025. According to InvestingPro data, the company maintains a notable dividend yield of 5.46%, significantly above its 5-year average of 3%.
This dividend follows a previous declaration of a quarterly Class A dividend of $0.1375 per share, which will also be distributed on March 14, 2025, to shareholders of record on the same date. Notably, the Class A dividend will be paid in Class B common stock. The company’s financial position appears robust, with InvestingPro analysis showing a "GREAT" overall financial health score of 3.2 out of 4, supported by strong cash flow and profitability metrics.
Ramaco Resources, headquartered in Lexington, Kentucky, with operational offices in West Virginia and Wyoming, focuses on mining high-quality, low-cost metallurgical coal in Central Appalachia. The company is also developing a coal mine and rare earth elements project near Sheridan, Wyoming. With revenue growth of 11.52% in the last twelve months and current trading levels suggesting undervaluation according to InvestingPro Fair Value analysis, the company shows promising fundamentals despite recent market volatility.
In 2023, Ramaco announced the discovery of a significant deposit of primary magnetic rare earths and critical minerals at its Wyoming site. Adjacent to this mine, the company operates a carbon research facility aimed at producing advanced carbon products from coal. Ramaco holds a portfolio of approximately 76 intellectual property patents, applications, licensing agreements, and trademarks related to these initiatives.
The company’s activities and additional information, including SEC filings, can be found on its website. The announcement of the dividend is based on a press release statement and is expected to be detailed in a Current Report on Form 8-K filed with the SEC later today.
Investors are reminded that forward-looking statements in the news release are subject to various risks and uncertainties. Factors such as development delays, production ramp-up issues, regulatory changes, and market demand could impact the company’s performance and the achievement of stated goals. For a deeper understanding of these risks and opportunities, investors can access comprehensive analysis through InvestingPro, which offers detailed Pro Research Reports covering over 1,400 US stocks, including METC, with expert insights and advanced financial metrics for informed decision-making.
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