Ramaco Resources (METCL) sets Class B stock dividend tied to market price
Rhea-AI Filing Summary
Ramaco Resources, Inc. announced that its board of directors approved and declared a stock dividend of $0.1918 per share of its Class B common stock. The dividend will be paid in additional shares of Class B common stock on September 19, 2025 to shareholders of record as of the close of Nasdaq on September 5, 2025.
The number of Class B shares received for each share owned will be calculated by dividing the $0.1918 per-share dividend by the closing transaction price of the Class B common stock on the record date. No fractional shares will be issued; instead, holders will receive a cash payment on the payment date equal to the fair value of any fractional share, based on the Class B closing price on the record date.
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FAQ
What did Ramaco Resources (METCL) announce in this 8-K filing?
Ramaco Resources, Inc. disclosed that its board of directors approved and declared a stock dividend of $0.1918 per share of Class B common stock, payable in additional Class B shares.
When is the record date and payment date for Ramaco Resources' Class B stock dividend?
The stock dividend is payable on September 19, 2025 to shareholders of record as of the close of Nasdaq on September 5, 2025.
How will the Class B stock dividend amount be calculated for Ramaco Resources (METCL) shareholders?
The number of Class B shares issued per share owned will be determined by dividing the $0.1918 per-share dividend by the closing transaction price of the Class B common stock at the close of the market on the September 5, 2025 record date.
Will Ramaco Resources issue fractional shares in the Class B stock dividend?
No fractional shares will be issued. Instead, Ramaco Resources will pay cash on the payment date equal to the fair value of any fractional share, based on the Class B closing price on the record date.
Does the information about the Ramaco Resources stock dividend count as filed for liability purposes?
The company states that the information furnished under Item 7.01 is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and is not subject to those liabilities.
What exhibit is included with this Ramaco Resources (METCL) 8-K about the stock dividend?
The filing includes a press release dated August 22, 2025 as Exhibit 99.1 and a cover page Inline XBRL file as Exhibit 104.