Ramaco Resources Announces Third Quarter Cash Dividends for Class A and Class B Common Stock, Payable on September 15, 2023
July 31, 2023 at 04:16 pm
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Ramaco's Board of Directors approved and declared its quarterly cash dividend of $0.125 per share on the Company's Class A common stock. The third quarter dividend is payable on September 15, 2023, to shareholders of record on September 1, 2023. The Board of Directors also approved and declared a quarterly cash dividend of $0.1654 per share on the newly issued CORE Resources Class B shares.
The third quarter dividend is payable on September 15, 2023, to shareholders of record on September 1, 2023.
Ramaco Resources, Inc. is a metallurgical coal company. The Company operates and develops metallurgical coal in southern West Virginia and southwestern Virginia. Its development portfolio primarily includes four properties: Elk Creek, Berwind, Knox Creek, and Maben. Its operations include six active mines at its Elk Creek mining complex, three active mines at its Berwind mining complex, two active mines at its Knox Creek mining complex, and one active mine at its Maben mining complex. The Elk Creek property consists of approximately 20,200 acres of controlled mineral rights and contains approximately 16 seams that it has targeted for production. The Berwind property consists of approximately 62,500 acres of controlled mineral rights. The Knox Creek Complex includes a preparation plant and 64,050 acres of controlled mineral rights. The Maben property is located in southern West Virginia and consists of approximately 28,000 acres of controlled mineral rights.