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MEE Declares Dividend, Reportedly See Interest from Coal India

By Market News Video Staff, Wednesday, November 24, 9:36 AM ET

Massey Energy Company (MEE) declared a quarterly dividend of $0.06 per share late yesterday. The dividend is payable on December 31 to shareholders of record as of December 16.

Coal India is reportedly interested in potentially acquiring Massey, which has hired advisors to reviews its alternatives. The Business Standard reported Coal India’s interest in the acquisition.

Massey Energy shares are trading up 0.3% Wednesday.

At 5.26% of the fund, Massey is the top stock in the SPDR S&P Metals & Mining ETF (AMEX:XME).

Hecla Mining (NYSE:HL) takes the #2 spot, at 5.17%, followed by Stillwater Mining (NYSE:SWC), at 4.63%, Walter Energy (NYSE:WLT) at 4.63%, and Patriot Coal (PCX), at 4.56%.

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This Article's Word Cloud:   AMEX   Business   Coal   Company   December   Energy   Hecla   India   Massey   Metals   Mining   NYSE   Patriot   SPDR   Standard   Stillwater   Walter   Wednesday   acquiring   acquisition   advisors   alternatives   declared   dividend   followed   fund   hired   interest   interested   late   payable   potentially   quarterly   record   reported   reportedly   reviews   share   shareholders   shares   spot   stock   takes   trading   which   yesterday
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