Alliance Resource Partners, L.P. to Issue Quarterly Dividend of $0.70 (NASDAQ:ARLP)

Alliance Resource Partners, L.P. (NASDAQ:ARLP) declared a quarterly dividend on Friday, April 26th, RTT News reports. Investors of record on Wednesday, May 8th will be given a dividend of 0.70 per share by the energy company on Wednesday, May 15th. This represents a $2.80 dividend on an annualized basis and a yield of 13.24%.

Alliance Resource Partners has increased its dividend payment by an average of 91.3% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Alliance Resource Partners has a dividend payout ratio of 71.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Alliance Resource Partners to earn $4.23 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 66.2%.

Alliance Resource Partners Stock Performance

Shares of NASDAQ:ARLP traded down $0.35 during trading on Friday, reaching $21.15. The company had a trading volume of 563,304 shares, compared to its average volume of 440,856. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 4.47 and a beta of 1.14. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.27 and a quick ratio of 1.71. The stock’s fifty day moving average price is $20.04 and its 200 day moving average price is $20.96. Alliance Resource Partners has a fifty-two week low of $17.05 and a fifty-two week high of $24.30.

Alliance Resource Partners (NASDAQ:ARLP) last posted its earnings results on Monday, January 29th. The energy company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.26). The firm had revenue of $625.42 million for the quarter, compared to analysts’ expectations of $672.54 million. Alliance Resource Partners had a return on equity of 34.90% and a net margin of 24.50%. During the same quarter in the previous year, the firm posted $1.63 earnings per share. As a group, equities research analysts predict that Alliance Resource Partners will post 4.05 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com lowered Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 6th.

Alliance Resource Partners Company Profile

Alliance Resource Partners, L.P., a diversified natural resource company, produces and markets coal primarily to utilities and industrial users in the United States. The company operates through four segments: Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties.