Natural Resource Partners LP (NRP) to Issue Quarterly Dividend of $0.75 on February 24th

Natural Resource Partners LP (NYSE:NRP) announced a quarterly dividend on Wednesday, February 4th. Stockholders of record on Tuesday, February 17th will be given a dividend of 0.75 per share by the energy company on Tuesday, February 24th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, February 17th.

Natural Resource Partners has increased its dividend by an average of 0.2%annually over the last three years.

Natural Resource Partners Stock Up 0.5%

NRP opened at $118.79 on Friday. The business’s fifty day simple moving average is $108.94 and its 200 day simple moving average is $105.53. Natural Resource Partners has a 52 week low of $86.83 and a 52 week high of $123.40. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.54 billion, a PE ratio of 10.88 and a beta of 0.22.

Natural Resource Partners (NYSE:NRP) last posted its quarterly earnings data on Tuesday, November 4th. The energy company reported $2.28 earnings per share (EPS) for the quarter. The firm had revenue of $49.93 million during the quarter. Natural Resource Partners had a return on equity of 25.31% and a net margin of 64.78%.

Institutional Trading of Natural Resource Partners

A number of hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada boosted its stake in Natural Resource Partners by 23.7% in the 1st quarter. Royal Bank of Canada now owns 9,199 shares of the energy company’s stock worth $956,000 after purchasing an additional 1,761 shares in the last quarter. Meixler Investment Management Ltd. lifted its stake in shares of Natural Resource Partners by 36.6% in the second quarter. Meixler Investment Management Ltd. now owns 67,502 shares of the energy company’s stock worth $6,447,000 after buying an additional 18,102 shares in the last quarter. Stokes Family Office LLC grew its holdings in shares of Natural Resource Partners by 17.0% during the second quarter. Stokes Family Office LLC now owns 15,355 shares of the energy company’s stock valued at $1,467,000 after buying an additional 2,230 shares during the last quarter. Horizon Kinetics Asset Management LLC raised its holdings in Natural Resource Partners by 6.1% in the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 19,123 shares of the energy company’s stock worth $1,826,000 after acquiring an additional 1,098 shares during the last quarter. Finally, Castalian Partners LLC lifted its position in Natural Resource Partners by 13.9% in the 2nd quarter. Castalian Partners LLC now owns 77,081 shares of the energy company’s stock valued at $7,362,000 after acquiring an additional 9,400 shares in the last quarter. 31.77% of the stock is owned by institutional investors.

About Natural Resource Partners

Natural Resource Partners LP (NYSE: NRP) is a master limited partnership that acquires and manages royalty and other mineral interests in coal and other natural resources across North America and Australia. The partnership was formed in 2010 as a spin-out from a major U.S. coal producer and is headquartered in Fairmont, West Virginia. Its core business model centers on owning gross proceeds interests, gross royalty proceeds interests and fee minerals, which provide the right to receive a portion of revenues from mining and mineral production without operating the mines directly.

NRP’s U.S.