Natural Resource Partners LP (NYSE:NRP) Plans Dividend Increase – $2.34 Per Share

Natural Resource Partners LP (NYSE:NRP) announced a quarterly dividend on Wednesday, November 4th. Shareholders of record on Thursday, December 17th will be given a dividend of $2.34 per share by the energy company on Thursday, December 24th. This represents a $9.36 annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend is Thursday, December 17th. This is a 212.0% increase from Natural Resource Partners’s previous quarterly dividend of $0.75.

Natural Resource Partners has raised its dividend by an average of 0.3% annually over the last three years.

Natural Resource Partners Trading Up 1.8%

Shares of NRP stock opened at $119.14 on Thursday. The company has a market capitalization of $1.58 billion, a P/E ratio of 15.20 and a beta of 0.10. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.02. The business’s 50 day moving average is $111.85 and its two-hundred day moving average is $111.25. Natural Resource Partners has a twelve month low of $95.51 and a twelve month high of $128.60.

Natural Resource Partners (NYSE:NRP) last issued its quarterly earnings results on Wednesday, November 4th. The energy company reported $1.95 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $1.97. Natural Resource Partners had a return on equity of 16.65% and a net margin of 57.13%. The firm had revenue of $48.94 million during the quarter, compared to the consensus estimate of $34.00 million.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Natural Resource Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, October 27th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Natural Resource Partners Company Profile

Natural Resource Partners L.P. is a Houston-based master limited partnership that owns and manages a diversified portfolio of natural resource properties. The company generally does not operate mines or other extraction facilities; instead, it leases its mineral interests to operating companies and receives royalty payments and other mineral-related revenues.

NRP’s mineral rights include coal reserves and properties associated with oil and natural gas, aggregates, and other industrial minerals.