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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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