Alliance Resource Partners, L.P. (NASDAQ:ARLP) announced a quarterly dividend on Monday, April 26th, Zacks reports. Investors of record on Friday, May 7th will be paid a dividend of 0.10 per share by the energy company on Friday, May 14th. This represents a $0.40 annualized dividend and a yield of 6.98%. The ex-dividend date of this dividend is Thursday, May 6th.
Alliance Resource Partners has decreased its dividend payment by 78.7% over the last three years.
ARLP stock opened at $5.73 on Tuesday. The company has a market cap of $728.83 million, a P/E ratio of -5.21 and a beta of 1.78. Alliance Resource Partners has a twelve month low of $2.63 and a twelve month high of $6.68. The company has a quick ratio of 0.66, a current ratio of 0.96 and a debt-to-equity ratio of 0.54. The business has a fifty day moving average of $5.85 and a 200-day moving average of $5.09.
Separately, Zacks Investment Research raised Alliance Resource Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, April 13th.
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 three segments: Illinois Basin, Appalachia, and Minerals. It produces a range of thermal and metallurgical coal with sulfur and heat contents.
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