Natural Resource Partners L.P. Plans Quarterly Dividend of $0.75 (NYSE:NRP)

Natural Resource Partners L.P. (NYSE:NRP) announced a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be given a dividend of 0.75 per share by the energy company on Tuesday, February 25th. This represents a $3.00 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Tuesday, February 18th.

Natural Resource Partners has raised its dividend by an average of 18.6% per year over the last three years.

Natural Resource Partners Stock Performance

NRP opened at $101.21 on Friday. The firm has a market cap of $1.31 billion, a PE ratio of 8.14 and a beta of 0.56. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $106.93 and a 200-day simple moving average of $99.27. Natural Resource Partners has a fifty-two week low of $81.74 and a fifty-two week high of $113.04.

Natural Resource Partners (NYSE:NRP) last released its quarterly earnings data on Tuesday, November 5th. The energy company reported $2.00 earnings per share for the quarter. The business had revenue of $60.33 million during the quarter. Natural Resource Partners had a return on equity of 39.69% and a net margin of 68.22%.

About Natural Resource Partners

Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates in two segments, Mineral Rights and Soda Ash. The company owns interests in coal, soda ash, trona, and other natural resources. Its coal reserves are primarily located in the Appalachia Basin, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties located in the United States; and oil and gas properties located in Louisiana.