Massey Energy (MEE)

Price*: $15.55 | Dividend: $0.24 | Dividend Yield: 1.54%

Recommendation Info
We downgraded this stock from the "Recommended" list on 7/23/08, at a price of 67.67.

Dividend Stock Ratings Breakdown

1. Relative Strength

Stock is slightly underperforming.

2. Overall Yield Attractiveness

Stock's dividend yield is unattractive.

3. Dividend Reliability

This rating is directly related to the length and consistency of a company's dividend payouts.

4. Dividend Uptrend

Dividend payouts are consistent, but increases small.

5. Earnings Growth

Earnings estimates have been cut slightly.

Price and Dividend Info

Massey Energy (MEE)

Previous Day's Closing Price*

$15.55

Annual Stock Dividend

$0.24

Current Dividend Yield

1.54%

Recent Headlines

Dividend Payout Changes Today (ADP, BAX, BOBE, MEE, PPDI, PRU, CBBO)
Tue, Nov 11, 2008
Dividend Stocks: Traders Special (ACI, BTU, CNX, MEE, WLT, SCHN, X, AKS, RS, NUE)
Sat, Aug 23, 2008
Coal Stocks: Have They Dropped Enough? (ACI, CNX, WLT, MEE, BTU, FDG)
Sun, Aug 17, 2008
Dividend Stock Recommendation Changes (BAC, ABFS, BTU, MEE, APC, EOG, SM, X, BRY, XEC, MUR, AHGP, ECA, PBR)
Wed, Jul 23, 2008
Coal Stocks: Time to Lighten Up (ACI, CNX, WLT, MEE, BTU)
Sat, Jul 19, 2008
Coal Sell-Off Opportunity? (MEE, CNX, ACI, BTU)
Thu, Jul 3, 2008

Profile & Recommendation

Company Profile

Massey Energy- (MEE)-produces, processes, and sells bituminous coal. The company's customers include electric utilities, steel manufacturers, industrial customers, and energy traders and brokers. As of December 31, 2007, it owned and operated approximately 188 wells, 200 miles of gathering line, and various small compression facilities in Appalachian Basin. The company also operated 47 mines, including 35 underground and 12 surface in West Virginia, Kentucky, and Virginia. Massey Energy Company distributes its products through freight and terminal agreements with various providers, including railroads, barge lines, steamship lines, bulk motor carriers, and terminal facilities. The company was founded in 1912 and is headquartered in Richmond, Virginia.

Recommendation

Based on our rating criteria, this stock has achieved a "Neutral" rating. Stocks with a neutral rating are considered mediocre investments in terms of expected price growth and dividend payments.

Stock Notes

This mid cap stock does make an attractive dividend stock investment at this time.

* Stock price reflects previous day's closing price. All stock quotes on this website should be considered as having a 24-hour delay.

** Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.