Peabody (BTU) announced that its Board of Directors has declared a quarterly dividend on its common stock of $0.075 per share, payable on September 4, 2024 to stockholders of record on August 15, 2024. On August 1, the company committed an additional $100 million for share repurchases in 2024 following the continued successful advancement at Centurion, settlement of the Shoal Creek insurance claim and a favorable free cash flow outlook for the remainder of the year. At June 30, Peabody had $569.6 million remaining under existing $1.0 billion share repurchase program.
Peabody CEO Jim Grech said: "Development at Centurion remains on plan, with initial underground development rates exceeding expectations. We reached first development coal in the second quarter and expect to ship to customers beginning in the fourth quarter of 2024."
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.