Ramaco Resources, Inc. has announced the details of its first quarter class B stock dividend, with each share of class B common stock receiving a dividend of $0.1489. Shareholders of record on March 13, 2026, will receive the dividend in shares of class B common stock.
Based on the closing transaction price of the class B common stock on March 13, 2026, which was $10.43 per share, each shareholder will receive 0.014276 of one share of class B common stock for each share held at the close of the market on that date.
It's important to note that no fractional shares will be issued, and in lieu of the issuance of fractional shares, the company will pay in cash the fair value of the fractions of a share issuable, determined as of the close of NASDAQ on the record date and based upon the class B closing price.
Ramaco Resources, Inc. is a dual platform critical mineral company, operating and developing high-quality, low-cost metallurgical coal in southern West Virginia and southwestern Virginia, and a developing producer of coal, rare earth, and critical minerals in Wyoming. The company currently has four active metallurgical coal mining complexes in central Appalachia and one coal mine and rare earth development near Sheridan, Wyoming.
In 2023, the company announced a major deposit of primary magnetic rare earths and critical minerals at its mine near Sheridan, Wyoming. Additionally, the company operates a carbon research and pilot facility related to the development and production of advanced carbon products and materials derived from coal, holding a body of more than 70 intellectual property patents, pending applications, exclusive licensing agreements, and various trademarks. Following these announcements, the company's shares moved -2.97%, and are now trading at a price of $20.89. For the full picture, make sure to review Ramaco Resources's 8-K report.
