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

Alliance Resource Partners, L.P. (NASDAQ:ARLP) announced a quarterly dividend on Tuesday, January 28th,RTT News reports. Investors of record on Friday, February 7th will be given a dividend of 0.70 per share by the energy company on Friday, February 14th. This represents a $2.80 dividend on an annualized basis and a yield of 10.07%.

Alliance Resource Partners has increased its dividend payment by an average of 91.3% annually over the last three years. Alliance Resource Partners has a payout ratio of 91.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Alliance Resource Partners to earn $3.04 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 92.1%.

Alliance Resource Partners Price Performance

NASDAQ:ARLP opened at $27.80 on Wednesday. The firm’s fifty day moving average price is $26.97 and its two-hundred day moving average price is $25.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.36 and a quick ratio of 1.69. The company has a market cap of $3.56 billion, a P/E ratio of 7.90 and a beta of 1.17. Alliance Resource Partners has a one year low of $18.32 and a one year high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings data on Monday, October 28th. The energy company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.16). Alliance Resource Partners had a net margin of 18.52% and a return on equity of 23.74%. The firm had revenue of $613.57 million during the quarter, compared to analyst estimates of $646.17 million. During the same period in the prior year, the company earned $1.18 earnings per share. Equities analysts expect that Alliance Resource Partners will post 3.19 earnings per share for the current year.

Insider Buying and Selling at Alliance Resource Partners

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $28.00, for a total transaction of $280,000.00. Following the sale, the senior vice president now directly owns 157,946 shares of the company’s stock, valued at $4,422,488. The trade was a 5.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 16.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Benchmark increased their price objective on shares of Alliance Resource Partners from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Singular Research downgraded shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 2nd. Finally, StockNews.com lowered Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th.

About Alliance Resource Partners

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.