Warrior Met Coal, Inc (HCC)

[WallEye87]

Wow. Special cash dividend announced of $4.41/share which is approximately 14% of the current trading price with a future ex-div date. MMs report a material short position (approx. 14% of the float)

Why is this not blowing up? If you have followers, you might want them to know.


Warrior Met Coal Announces Special Cash Dividend

6:15 pm ET April 23, 2019 (BusinessWire) Print


Warrior Met Coal,Inc. (NYSE:HCC) ("Warrior" or the "Company") today announced that its board of directors has declared a special cash dividend (the "Special Dividend") of approximately $4.41 per share of Warrior's common stock, par value $0.01 per share. The Special Dividend, totaling an aggregate payment of $230 million, will be paid on May 14, 2019, to stockholders of record as of the close of business on May 6, 2019. The Special Dividend will be funded through cash on hand.