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

Alliance Resource Partners, L.P. (NASDAQ:ARLP) declared a quarterly dividend on Monday, October 28th, RTT News reports. Investors of record on Thursday, November 7th will be paid a dividend of 0.70 per share by the energy company on Thursday, November 14th. This represents a $2.80 annualized dividend and a yield of 10.58%. The ex-dividend date of this dividend is Thursday, November 7th.

Alliance Resource Partners has increased its dividend by an average of 91.3% annually over the last three years. Alliance Resource Partners has a dividend payout ratio of 80.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Alliance Resource Partners to earn $3.50 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 80.0%.

Alliance Resource Partners Stock Performance

NASDAQ ARLP opened at $26.46 on Tuesday. The firm has a 50-day moving average of $24.52 and a 200-day moving average of $24.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.80 and a current ratio of 2.53. The stock has a market cap of $3.39 billion, a PE ratio of 7.52 and a beta of 1.14. Alliance Resource Partners has a 52-week low of $18.32 and a 52-week high of $26.70.

Alliance Resource Partners (NASDAQ:ARLP) last released its earnings results on Monday, October 28th. The energy company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.16). Alliance Resource Partners had a net margin of 18.52% and a return on equity of 23.80%. The firm had revenue of $613.57 million during the quarter, compared to the consensus estimate of $646.17 million. During the same period in the prior year, the business earned $1.18 earnings per share. On average, sell-side analysts anticipate that Alliance Resource Partners will post 3.2 EPS for the current year.

Analyst Ratings Changes

ARLP has been the subject of several research analyst reports. StockNews.com lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 31st. Benchmark boosted their target price on Alliance Resource Partners from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th.

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.