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Arch Coal Inc. Message Board

  • eyeche eyeche May 3, 2012 2:17 PM Flag

    Creatoring for Massive Divd Rate CUT

    Dividend Declaration Date: May-01-2012
    Dividend Ex Date: May-30-2012
    Dividend Record Date: Jun-01-2012
    Dividend Pay Date: Jun-15-2012
    Dividend Amount Current: $ 0.0300
    Dividend Amount Previous: $ 0.1100

    That's a 72% DROP in dividend, no wonder it is getting chopped. That's now down to a 1.5% yield at current $8.10 (new 52 week low today).

    I'm guessing it will continue to drop until the perceived yield is above at least 2.5% again (that would be $4.80!!!).