Westmoreland Coal Company (NYSE AMEX:WLB) announced today that its Board of Directors has declared a dividend of $31.13 per depositary share payable on February 25, 2011 to holders of record as of February 14, 2011. Each depositary share represents one-quarter of a share of the Company’s Series A Convertible Exchangeable Preferred Stock. This dividend represents the payment of all accrued and unpaid dividends on the Series A Preferred Stock as of and through January 1, 2011.
Westmoreland Coal Company is the oldest independent coal company in the United States. The Company’s coal operations include coal mining in the Powder River Basin in Montana and lignite mining operations in Montana, North Dakota and Texas. Its power operations include ownership of the two-unit ROVA coal-fired power plant in North Carolina. For more information, visit www.westmoreland.com.
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Contact: Kevin Paprzycki (719) 442-2600