Natural Resource Partners L.P. (NRP) to Issue Quarterly Dividend of $0.75 on November 26th

Natural Resource Partners L.P. (NYSE:NRP) announced a quarterly dividend on Tuesday, November 5th, Zacks reports. Investors of record on Tuesday, November 19th will be paid a dividend of 0.75 per share by the energy company on Tuesday, November 26th. This represents a $3.00 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Tuesday, November 19th.

Natural Resource Partners has increased its dividend by an average of 30.5% per year over the last three years.

Natural Resource Partners Trading Up 3.7 %

Shares of NRP opened at $102.68 on Thursday. The business’s 50-day moving average price is $94.69 and its 200-day moving average price is $92.18. The stock has a market cap of $1.33 billion, a PE ratio of 7.70 and a beta of 0.50. Natural Resource Partners has a twelve month low of $66.92 and a twelve month high of $103.14. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.39.

Natural Resource Partners (NYSE:NRP) last released its quarterly earnings results on Wednesday, August 7th. The energy company reported $2.29 EPS for the quarter. Natural Resource Partners had a net margin of 70.55% and a return on equity of 44.97%. The firm had revenue of $65.54 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 17th.

Natural Resource Partners Company Profile

Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates in two segments, Mineral Rights and Soda Ash. The company owns interests in coal, soda ash, trona, and other natural resources. Its coal reserves are primarily located in the Appalachia Basin, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties located in the United States; and oil and gas properties located in Louisiana.