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

Alliance Resource Partners, L.P. (NASDAQ:ARLP) announced a quarterly dividend on Friday, April 26th, RTT News reports. Shareholders 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 dividend yield of 13.24%.

Alliance Resource Partners has raised its dividend payment by an average of 91.3% annually 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% meaning its dividend is sufficiently covered by earnings. Research 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 Down 1.6 %

ARLP stock opened at $21.15 on Friday. Alliance Resource Partners has a fifty-two week low of $17.05 and a fifty-two week high of $24.30. The stock has a fifty day moving average of $20.07 and a 200-day moving average of $20.95. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 4.40 and a beta of 1.14. 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 earnings results on Monday, January 29th. The energy company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.26). The business had revenue of $625.42 million for the quarter, compared to the consensus estimate 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 prior year, the business earned $1.63 EPS. As a group, equities research analysts predict that Alliance Resource Partners will post 4.05 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report 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.