April 23, 2010 (FinancialWire) — Arch Coal, Inc. (NYSE: ACI) said that its board of directors has approved an increase in the quarterly cash dividend from $0.09 per common share to $0.10 per common share.  The dividend is payable June 15, 2010 to shareholders of record on June 1, 2010.

Arch CEO Steven F. Leer said, "Today's 11 percent increase in our quarterly dividend reflects the board's confidence in Arch's strong future and rewards our shareholders for their continued investment.

Missouri-based Arch Coal is a U.S. coal producer.

Arch said that, through its national network of mines, Arch supplies low-sulfur coal to fuel roughly eight percent of the nation's electricity.  

The company also ships coal to domestic and international steel manufacturers as well as international power producers.

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