Natural Resource Partners L.P. (NYSE:NRP) Declares Quarterly Dividend of $0.75

Posted by Paula Ricardo on May 9th, 2024

Natural Resource Partners L.P. (NYSE:NRP – Get Free Report) declared a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Investors of record on Tuesday, May 21st will be paid a dividend of 0.75 per share by the energy company on Tuesday, May 28th. This represents a $3.00 annualized dividend and a yield of 3.33%. The ex-dividend date is Monday, May 20th.

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

Natural Resource Partners Stock Performance

NYSE NRP opened at $90.04 on Thursday. Natural Resource Partners has a 1-year low of $44.68 and a 1-year high of $102.00. The company has a 50 day moving average of $90.31 and a 200-day moving average of $86.69. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.23. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 6.85 and a beta of 0.47.

Natural Resource Partners (NYSE:NRP – Get Free Report) last issued its quarterly earnings data on Thursday, March 7th. The energy company reported $4.31 earnings per share (EPS) for the quarter. Natural Resource Partners had a return on equity of 44.05% and a net margin of 59.68%. The firm had revenue of $93.16 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Natural Resource Partners from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 8th.

Read Our Latest Report on NRP

Natural Resource Partners Company Profile

(Get Free Report)

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.