Alliance Resource Partners, L.P. (NASDAQ:ARLP) Shareholders to Get $0.60 Quarterly Dividend

Alliance Resource Partners, L.P. (NASDAQ:ARLP – Get Free Report) announced a quarterly dividend on Monday, October 26th. Stockholders of record on Friday, November 6th will be paid a dividend of $0.60 per share by the energy company on Friday, November 13th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date is Friday, November 6th.

Alliance Resource Partners has raised its dividend payment by an average of 0.5% per year 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 fall. Research analysts expect Alliance Resource Partners to earn $2.85 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 84.2%.

Alliance Resource Partners Trading Up 1.0%

Shares of ARLP traded up $0.26 during trading hours on Monday, reaching $26.40. 441,159 shares of the company traded hands, compared to its average volume of 353,240. The stock’s fifty day moving average price is $25.71 and its 200 day moving average price is $25.31. The company has a current ratio of 1.75, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 12.88 and a beta of 0.34. Alliance Resource Partners has a 12-month low of $23.01 and a 12-month high of $29.45.

Alliance Resource Partners (NASDAQ:ARLP – Get Free Report) last posted its quarterly earnings results on Monday, October 26th. The energy company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.85 by $0.23. Alliance Resource Partners had a net margin of 12.25% and a return on equity of 17.70%. The company had revenue of $603.01 million for the quarter, compared to the consensus estimate of $585.83 million. Sell-side analysts forecast that Alliance Resource Partners will post 3.00 earnings per share for the current year.

More Alliance Resource Partners News

Here are the key news stories impacting Alliance Resource Partners this week:

About Alliance Resource Partners

(Get Free Report)

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a diversified natural resource company headquartered in Tulsa, Oklahoma. The company’s primary business is the production and marketing of coal, which it supplies to electric utilities and industrial customers in the United States.

Alliance Resource Partners operates coal mines in the Illinois Basin and Appalachia, producing primarily thermal coal used for electricity generation. Its operations include underground and surface mining, coal processing, transportation and marketing activities.

Further Reading

Dividend History for Alliance Resource Partners (NASDAQ:ARLP)

Receive News & Ratings for Alliance Resource Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliance Resource Partners and related companies with MarketBeat.com's FREE daily email newsletter.