Englewood, Colorado – December 5, 2014 – 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, 2015 to holders of record as of December 19, 2014. Each depositary share represents one-quarter of a share of the Company’s Series A Convertible Exchangeable Preferred Stock.
Westmoreland Coal Company is the oldest independent coal company in the United States. Westmoreland’s coal operations include sub-bituminous and lignite coal mining in the Western United States and Canada, a char production facility, and a 50% interest in an activated carbon plant. Its power operations include ownership of the two-unit ROVA coal-fired power plant in North Carolina. For more information, visit www.westmoreland.com.
# # #
Westmoreland Contact: Kevin Paprzycki (855) 922-6463