Edition:
United Kingdom

Peabody Declares Supplemental Cash Dividend Of $1.85 Per Share


Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Peabody Energy Corp ::PEABODY DECLARES SUPPLEMENTAL CASH DIVIDEND OF $1.85 PER SHARE TO AUGMENT ONGOING $1.5 BILLION SHARE BUYBACK PROGRAM AND QUARTERLY DIVIDENDS.PEABODY ENERGY CORP - TOTAL AMOUNT OF SUPPLEMENTAL DIVIDEND PAYMENT WILL BE APPROXIMATELY $200 MILLION.PEABODY ENERGY CORP - IN 2019, COMPANY EXPECTS TO ALLOCATE AN AMOUNT EQUAL TO OR GREATER THAN ITS FREE CASH FLOW TO SHAREHOLDER RETURNS.PEABODY ENERGY CORP - HAS APPROXIMATELY $415 MILLION REMAINING UNDER ITS CURRENT $1.5 BILLION AUTHORIZATION FOR SHARE REPURCHASES.PEABODY ENERGY CORP - ALSO HAS APPROXIMATELY $415 MILLION REMAINING UNDER ITS CURRENT $1.5 BILLION AUTHORIZATION FOR SHARE REPURCHASES.PEABODY ENERGY CORP - CONTINUES TO IMPLEMENT BUYBACKS AS COMPANY BELIEVES SHARES ARE A "COMPELLING INVESTMENT OPPORTUNITY".PEABODY ENERGY CORP - PEABODY'S LIQUIDITY TARGET REMAINS $800 MILLION AND STOOD AT $1.32 BILLION AT DEC. 31, 2018.PEABODY ENERGY CORP - GROSS DEBT REMAINS TARGETED AT $1.2 BILLION TO $1.4 BILLION AND STOOD AT $1.37 BILLION AT DEC. 31, 2018..PEABODY ENERGY CORP - IN 2019, COMPANY EXPECTS TO ALLOCATE AN AMOUNT EQUAL TO OR GREATER THAN ITS FREE CASH FLOW TO SHAREHOLDER RETURNS..PEABODY ENERGY CORP - TOTAL AMOUNT OF SUPPLEMENTAL DIVIDEND PAYMENT WILL BE FUNDED THROUGH EXISTING CASH BALANCES.