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Peabody Announces Robust Shareholder Return Program

PR Newswire - Mon Apr 17, 2023

$1 Billion Share Repurchase Authorization
Amendment to Surety Program

ST. LOUIS, April 17, 2023 /PRNewswire/ -- Peabody (NYSE:BTU) today announced that its Board of Directors ("Board") has approved a new shareholder return framework which includes a share repurchase plan, a fixed quarterly cash dividend and a variable quarterly cash dividend component. The Board also approved a new share repurchase program authorizing repurchases of up to $1.0 billion of BTU common stock. Additionally, Peabody amended its surety agreement to limit collateral exposure and remove other restrictions.

Read more at prnewswire.com

Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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