Westmoreland Coal Company (NasdaqGM:WLB) today announced that its Board of Directors has declared a dividend of $.53125 per depositary share payable on January 1, 2014 to holders of record as of December 20, 2013. Each depositary share represents one-quarter of a share of the Company’s Series A Convertible Exchangeable Preferred Stock.
About Westmoreland Coal Company
Westmoreland Coal Company is the oldest independent coal company in the United States. The Company’s coal operations include sub-bituminous coal mining in the Powder River Basin in Montana and Wyoming, 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 (855) 922-6463