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

Alliance Resource Partners, L.P. (NASDAQ:ARLP) announced 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 dividend on an annualized basis and a yield of 13.24%.

Alliance Resource Partners has raised its dividend payment by an average of 91.3% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Alliance Resource Partners has a payout ratio of 71.4% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of ARLP opened at $21.15 on Friday. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 4.40 and a beta of 1.14. The company has a current ratio of 2.27, a quick ratio of 1.71 and a debt-to-equity ratio of 0.18. Alliance Resource Partners has a 12 month low of $17.05 and a 12 month high of $24.30. The business’s fifty day simple moving average is $20.07 and its two-hundred day simple moving average is $20.95.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note 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.