Alliance Resource Partners, L.P. (ARLP) to Issue Quarterly Dividend of $0.70 on May 15th

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 paid a dividend of 0.70 per share by the energy company on Wednesday, May 15th. This represents a $2.80 annualized dividend and a yield of 13.24%.

Alliance Resource Partners has raised 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 ARLP stock opened at $21.15 on Friday. The stock has a fifty day moving average price of $20.07 and a 200 day moving average price of $20.94. The stock has a market cap of $2.71 billion, a PE ratio of 4.40 and a beta of 1.14. Alliance Resource Partners has a 1 year low of $17.05 and a 1 year high of $24.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.71 and a current ratio of 2.27.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings data on Monday, January 29th. The energy company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.26). The firm had revenue of $625.42 million for the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $1.63 earnings per share. Sell-side analysts forecast that Alliance Resource Partners will post 4.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

About Alliance Resource Partners

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.