Alliance Resource Partners, L.P. Declares Quarterly Dividend of $0.60 (NASDAQ:ARLP)

Alliance Resource Partners, L.P. (NASDAQ:ARLP) declared a quarterly dividend on Tuesday, January 27th. Stockholders of record on Friday, February 6th will be paid a dividend of 0.60 per share by the energy company on Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 9.8%. The ex-dividend date of this dividend is Friday, February 6th.

Alliance Resource Partners has increased its dividend payment by an average of 0.1%annually over the last three years. Alliance Resource Partners has a payout ratio of 90.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Alliance Resource Partners to earn $3.63 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 66.1%.

Alliance Resource Partners Stock Performance

Shares of ARLP traded down $0.06 on Wednesday, reaching $24.38. The company’s stock had a trading volume of 77,860 shares, compared to its average volume of 334,851. The stock’s 50 day simple moving average is $23.93 and its two-hundred day simple moving average is $24.45. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.90 and a quick ratio of 1.39. The stock has a market capitalization of $3.13 billion, a P/E ratio of 12.97 and a beta of 0.32. Alliance Resource Partners has a 12-month low of $22.20 and a 12-month high of $29.09.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings results on Monday, October 27th. The energy company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.03. The business had revenue of $571.40 million for the quarter, compared to the consensus estimate of $567.03 million. Alliance Resource Partners had a net margin of 10.88% and a return on equity of 14.75%. Research analysts forecast that Alliance Resource Partners will post 2.72 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alliance Resource Partners

A number of institutional investors have recently added to or reduced their stakes in the stock. BCS Wealth Management lifted its holdings in shares of Alliance Resource Partners by 102.8% in the fourth quarter. BCS Wealth Management now owns 52,220 shares of the energy company’s stock worth $1,213,000 after buying an additional 26,473 shares in the last quarter. Sound Income Strategies LLC bought a new stake in Alliance Resource Partners in the 4th quarter valued at $36,000. Kelleher Financial Advisors bought a new stake in Alliance Resource Partners in the 4th quarter valued at $66,000. Jaffetilchin Investment Partners LLC lifted its stake in Alliance Resource Partners by 1.3% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 33,951 shares of the energy company’s stock worth $789,000 after purchasing an additional 442 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Alliance Resource Partners by 2.1% during the 4th quarter. Exchange Traded Concepts LLC now owns 147,308 shares of the energy company’s stock valued at $3,422,000 after purchasing an additional 3,043 shares during the last quarter. 18.11% of the stock is owned by hedge funds and other institutional investors.

About Alliance Resource Partners

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a Tulsa, Oklahoma–based master limited partnership engaged in the production, marketing and transportation of bituminous coal. Through its subsidiaries, the company develops, owns and operates surface and underground coal mines, providing fuel primarily for electric power generation and various industrial applications. Alliance’s integrated business model covers the extraction of raw coal, processing at preparation plants and delivery to domestic and export customers.

The partnership operates multiple mining complexes across Illinois, Indiana, Kentucky and West Virginia.