Ramaco Resources Declares First Quarter Cash Dividend for Shareholders

Author: Evelyn Baker Updated: 02-18-2025 04:10 PM

Ramaco Resources Announces Cash Dividend for Class B Common Stock

Ramaco Resources, Inc. (NASDAQ: METC, METCB), a prominent leader in the metallurgical coal industry, has announced a significant financial return to its shareholders. This initiative reflects the company’s ongoing success in producing high-quality, low-cost metallurgical coal and its strategic endeavors to develop rare earth elements and critical minerals.

Details of the Class B Dividend

The Board of Directors at Ramaco has approved a quarterly cash dividend amounting to $0.1971 per share on its Class B common stock. This dividend is poised to benefit shareholders, enhancing their investment value. Shareholders of record will receive this payment, highlighting Ramaco’s commitment to returning profits to its investors.

Payment Schedule for Shareholders

This cash dividend is scheduled for disbursement on a specified date, ensuring that investors receive timely recognition for their support. Ramaco has also declared a complementary Class A dividend of $0.1375 per share, which is to be paid out in Class B common stock, underscoring the company's strategy to reinforce shareholder equity through various dividend initiatives.

Progress in Mining Operations

Ramaco Resources is steadfast in its mission to optimize its operations across several locations. The company operates four active metallurgical coal mining complexes, which are crucial to sustaining its product quality and supply. Moreover, it has embarked on a journey to expand its production capabilities with an eye towards the discovery and utilization of rare earth elements.

Recent Discoveries and Innovations

The company has made notable strides, particularly in Wyoming, where it has identified significant deposits of primary magnetic rare earths and critical minerals. Such advancements not only benefit the company financially but also position it as a key player in the evolving market for renewable resources and advanced materials.

Company Overview and Future Prospects

Headquartered in Lexington, Kentucky, with operational facilities in Charleston, West Virginia, and Sheridan, Wyoming, Ramaco Resources continues to expand its influence in the metallurgical coal sector. The firm holds an extensive portfolio of intellectual property, which includes several patents and licensing agreements, enhancing its competitive edge and innovative capabilities within the industry.

Engagement with Stakeholders

Ramaco remains committed to transparent communication with its investors and stakeholders. Interested parties can find detailed information about financial performance, updates on projects, and strategic insights, aligning with the importance of keeping shareholders informed about current and future endeavors.

Frequently Asked Questions

What is the recent dividend declared by Ramaco Resources?

Ramaco Resources has declared a first quarter cash dividend of $0.1971 per share on its Class B common stock.

When will the dividend be paid?

The dividend is scheduled for payment on March 14, 2025, to shareholders of record on February 28, 2025.

What is Ramaco Resources known for?

Ramaco Resources is recognized for its production of high-quality, low-cost metallurgical coal and its exploration of rare earth and critical minerals.

Where are Ramaco's main operations located?

Ramaco has operational facilities in Kentucky, West Virginia, and Wyoming, focusing on metallurgical coal and rare earth elements.

How does Ramaco Resources ensure shareholder value?

Through regular dividends and strategic operational improvements, Ramaco aims to enhance shareholder value and return profits to its stakeholders.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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