Coal company Peabody Energy Corp. said Wednesday its board has initiated a quarterly dividend of 11.50 cents a share. The dividend will be payable March 5 to shareholders of record as of Feb. 19. “The Peabody board of directors will evaluate dividends on a quarterly basis, taking into consideration the company’s cash flows and alternative means to create shareholder value,” the company said in a statement. Shares were not yet active in premarket trade.
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