Ramaco Resources (METC) Declares $0.12 Dividend

Ramaco Resources said on April 12, 2023 that its board of directors declared a regular quarterly dividend of $0.12 per share ($0.50 annualized). Previously, the company paid $0.12 per share.

Shares must be purchased before the ex-div date of May 31, 2023 to qualify for the dividend. Shareholders of record as of June 1, 2023 will receive the payment on June 15, 2023.

At the current share price of $8.89 / share, the stock's dividend yield is 5.62%. Looking back five years and taking a sample every week, the average dividend yield has been 9.58%, the lowest has been 1.23%, and the highest has been 23.70%. The standard deviation of yields is 5.67 (n=237).

The current dividend yield is 0.70 standard deviations below the historical average.

Additionally, the company's dividend payout ratio is 0.17. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is -0.09%.

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What is the Fund Sentiment?

There are 238 funds or institutions reporting positions in Ramaco Resources. This is a decrease of 22 owner(s) or 8.46% in the last quarter. Average portfolio weight of all funds dedicated to METC is 0.67%, an increase of 4.77%. Total shares owned by institutions decreased in the last three months by 2.17% to 28,177K shares. The put/call ratio of METC is 0.45, indicating a bullish outlook.

Analyst Price Forecast Suggests 34.81% Upside

As of April 6, 2023, the average one-year price target for Ramaco Resources is $11.98. The forecasts range from a low of $10.10 to a high of $13.65. The average price target represents an increase of 34.81% from its latest reported closing price of $8.89.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Ramaco Resources is $620MM, an increase of 9.66%. The projected annual non-GAAP EPS is $2.82.

What are Other Shareholders Doing?

Northern Trust holds 220K shares representing 0.49% ownership of the company. No change in the last quarter.

VRTGX - Vanguard Russell 2000 Growth Index Fund Institutional Shares holds 17K shares representing 0.04% ownership of the company. In it's prior filing, the firm reported owning 17K shares, representing an increase of 0.91%. The firm increased its portfolio allocation in METC by 6.74% over the last quarter.

VCSLX - Small Cap Index Fund holds 8K shares representing 0.02% ownership of the company. In it's prior filing, the firm reported owning 8K shares, representing a decrease of 0.32%. The firm increased its portfolio allocation in METC by 8.76% over the last quarter.

IWM - iShares Russell 2000 ETF holds 526K shares representing 1.18% ownership of the company. In it's prior filing, the firm reported owning 493K shares, representing an increase of 6.22%. The firm decreased its portfolio allocation in METC by 7.74% over the last quarter.

SLPIX - Small-cap Profund Investor Class holds 0K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing a decrease of 29.41%. The firm decreased its portfolio allocation in METC by 17.62% over the last quarter.

Ramaco Resources Background Information
(This description is provided by the company.)

Ramaco Resources, Inc. is an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia, southwestern Virginiaand southwestern Pennsylvania. Its executive offices are in Lexington, Kentucky, with operational offices in Charleston, West Virginia. The Company has five active mines within two mining complexes at this time.

This story originally appeared on Fintel.