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

Alliance Resource Partners, L.P. (NASDAQ:ARLP) declared a quarterly dividend on Tuesday, January 28th,RTT News reports. Shareholders of record on Friday, February 7th will be given a dividend of 0.70 per share by the energy company on Friday, February 14th. This represents a $2.80 dividend on an annualized basis and a yield of 10.07%.

Alliance Resource Partners has raised its dividend by an average of 91.3% annually over the last three years. Alliance Resource Partners has a dividend payout ratio of 91.2% 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 $3.04 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 92.1%.

Alliance Resource Partners Price Performance

NASDAQ:ARLP traded up $0.44 during trading hours on Tuesday, reaching $27.80. 365,992 shares of the company were exchanged, compared to its average volume of 451,686. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock’s 50-day moving average is $26.96 and its 200-day moving average is $25.49. The firm has a market cap of $3.56 billion, a PE ratio of 7.90 and a beta of 1.17. Alliance Resource Partners has a twelve month low of $18.32 and a twelve month high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP) last released its earnings results on Monday, October 28th. The energy company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.16). Alliance Resource Partners had a return on equity of 23.74% and a net margin of 18.52%. The business had revenue of $613.57 million for the quarter, compared to analysts’ expectations of $646.17 million. During the same period in the previous year, the company earned $1.18 EPS. On average, sell-side analysts anticipate that Alliance Resource Partners will post 3.19 earnings per share for the current fiscal year.

Insider Activity at Alliance Resource Partners

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 10,000 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $28.00, for a total value of $280,000.00. Following the transaction, the senior vice president now directly owns 157,946 shares of the company’s stock, valued at approximately $4,422,488. The trade was a 5.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 16.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on ARLP. Benchmark lifted their price target on shares of Alliance Resource Partners from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Singular Research cut shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 2nd. Finally, StockNews.com cut shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th.

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.