Walter Energy Inc (NYSE:WLT) up marginally by 2.18%, Molycorp Inc (NYSE:MCP)

Posted by Lynn Eisler May 5, 2013 0 Comment 2070 views

Walter Energy, Inc (NYSE:WLT): There was marginal rise of 2.18% in Walter Energy, Inc (NYSE:WLT) shares in Fridays trading session. The opening price of the shares was $17.60 which touched an intraday high of $17.64 before dropping to $16.80. Over 5.13 M shares were traded in Friday’s trading session which was considerably lower than the average volume of 5.83 M that was measured over the last 30 days.

Walter Energy, Inc (NYSE:WLT) recently made a quarterly dividend announcement. It is scheduled to be launched on 7 June 2013. All investors on record as of May 10th will be eligible for this dividend of $0.13 per share. This represents a dividend valued at $0.50 on an annual basis as well as a yield of 2.88%. May 8 will be this dividend’s ex-dividend date.

Walter Energy, Inc (NYSE:WLT) produces and exports metallurgical coal primarily for the global industry. In addition to this it produces coal bed methane gas, steam coal, metallurgical coke as well as other products that are used in this industry.

Molycorp Inc (NYSE:MCP): There was no change in shares of Molycorp Inc (NYSE:MCP) in Friday’s trading session. The opening price of the stock was $5.90 which touched an intraday high of $6.04 before dipping to $5.77. Over 5.44M shares were traded in Friday’s trading session which was much lower than the average volume of 5.90 that was recorded over the last 30 trading sessions.

Molycorp Inc (NYSE:MCP) made an announcement that its board has now declared a cash dividend on all its outstanding shares in its 5.50% A Series mandatory convertible preferred stock. A dividend amount of $1.375 per share has been decided upon. This dividend will be paid by the company on June 1 2013 to stockholders of these shares as of the close of business on May15 2013. As of May 3 2013, there were a net total of 2,070,000 A series mandatory convertible preferred stock shares, outstanding.

Molycorp Inc (NYSE:MCP) provides Molybdenum and Rare Earths products to various companies. The rare earth products that it deals in include bastnasite, europium, cerium, praseodymium, lanthanum, neodymium, yttrium as well as other lanthanide products.

About Lynn Eisler

Lynn Eisler is a national news reporter focusing on economic issues, data analysis and the financial health of state and local governments. Lynn has been honored with the H.L. Mencken Award for Investigative Reporting, the Champion of Justice Award for reporting on the drug war, and the John Hancock Award for business reporting. Lynn was also a Knight Medical School Fellow at the University of Michigan.

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