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

Alliance Resource Partners, L.P. (NASDAQ:ARLP) declared a quarterly dividend on Friday, April 26th, RTT News reports. Shareholders of record on Wednesday, May 8th will be given a dividend of 0.70 per share by the energy company on Wednesday, May 15th. This represents a $2.80 annualized dividend and a yield of 13.24%.

Alliance Resource Partners has increased its dividend by an average of 91.3% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Alliance Resource Partners has a dividend payout ratio of 71.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Alliance Resource Partners to earn $4.23 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 66.2%.

Alliance Resource Partners Trading Down 1.6 %

Alliance Resource Partners stock opened at $21.15 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.27 and a quick ratio of 1.71. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 4.40 and a beta of 1.14. Alliance Resource Partners has a one year low of $17.05 and a one year high of $24.30. The company’s fifty day moving average price is $20.07 and its two-hundred day moving average price is $20.94.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings results on Monday, January 29th. The energy company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.26). The business had revenue of $625.42 million during the quarter, compared to analyst estimates of $672.54 million. Alliance Resource Partners had a net margin of 24.50% and a return on equity of 34.90%. During the same period in the prior year, the business posted $1.63 earnings per share. On average, analysts forecast that Alliance Resource Partners will post 4.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 6th.

Alliance Resource Partners Company Profile

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.