Shares of Warrior Met Coal Surge on Debt and Dividend Announcement
Shares of metallurgical coal miner Warrior Met Coal (NYSE: HCC) are up 11.3% as of 12 p.m. EDT Thursday after the company announced that it was planning on issuing a special dividend...and using debt to pay for part of it.
Warrior Met Coal was started by the executive team from the bankrupt Walter Energy, which just coincidentally sold its core metallurgical coal assets to Warrior Met just before Warrior's IPO back in April.
Image source: Getty Images.
Source: Fool.com
