Westmoreland Coal Company (NasdaqGM: WLB) announced today that its Board of Directors has declared a dividend of $0.53125 per depositary share payable on July 1, 2011 to holders of record as of June 20, 2011. 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. 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.
