logo
Plus   Neg
Share
Email

Arch Coal Hikes Dividend 12.5%; Initiates FY Sales Volume Guidance

Arch Coal Inc. (ARCH) said Thursday that its board approved a 12.5 percent increase in the company's recurring quarterly cash dividend to $0.45 per share from $0.40 per share.

The next quarterly cash dividend payment of $0.45 per common share is scheduled to be paid on March 15, 2019 to stockholders of record at the close of business on March 5, 2019.

Since launching the capital return program in May 2017, Arch has now increased the quarterly dividend rate twice, by a total of nearly 30 percent.

The company also initiated full year sales volume guidance for 2019. Based on current expectations, Arch expects total sales volume of between 86 million and 92 million tons.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Swiss engineering major ABB Ltd. teamed with Italian utility Evolvere to launch a blockchain pilot project to explore transparent, secure peer-to-peer solar energy transactions, media outlet PV Tech reported. The companies will test the potential of blockchain technology in solar systems. The blockchain technology was developed in partnership with Prosume. Shares of Tesla Inc. are losing more than 5 percent in Monday's trading after Wedbush Securities analyst Daniel Ives slashed his price target on the luxury electric car maker's stock, citing "major concerns" around the trajectory of Tesla's growth prospects. In a note to investors, Ives also said he has concerns over underlying demand for Model 3 cars in the U.S. over the coming quarters. Amazon Inc. is leading a new $575 million investment in British food delivery company Deliveroo, intensifying the e-commerce giant's competition with rival Uber and its Uber Eats service. Deliveroo noted that Amazon is set to be the largest investor in the Series G preferred shared funding round. With the latest funding round, Deliveroo has raised $1.53 billion.
Follow RTT