Peabody Energy Corp. unveiled a second-quarter cash dividend of 14.5 cents per share, an increase from the prior quarter's dividend of 14 cents per share.

The dividend will be paid Sept. 11 to shareholders of record on Aug. 21, according to an Aug. 7 news release. This is the fourth increase in the company's dividend in just over a year.

Peabody serves power and steel customers in more than 25 countries on six continents.