Westmoreland Declares Dividend on Preferred Stock
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.
Westmoreland Coal Company
Kevin Paprzycki, 719-442-2600