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

Alliance Resource Partners, L.P. (NASDAQ:ARLP) announced a quarterly dividend on Monday, October 28th, RTT News reports. Shareholders of record on Thursday, November 7th will be paid a dividend of 0.70 per share by the energy company on Thursday, November 14th. This represents a $2.80 dividend on an annualized basis and a yield of 10.48%. The ex-dividend date of this dividend is Thursday, November 7th.

Alliance Resource Partners has increased its dividend by an average of 91.3% per year over the last three years. Alliance Resource Partners has a payout ratio of 80.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Alliance Resource Partners to earn $3.50 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 80.0%.

Alliance Resource Partners Trading Up 1.0 %

Shares of ARLP stock opened at $26.72 on Wednesday. Alliance Resource Partners has a 1 year low of $18.32 and a 1 year high of $26.87. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.53 and a quick ratio of 1.80. The stock’s 50 day simple moving average is $24.62 and its two-hundred day simple moving average is $24.07. The company has a market cap of $3.42 billion, a PE ratio of 7.59 and a beta of 1.14.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings results on Monday, October 28th. The energy company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.16). Alliance Resource Partners had a return on equity of 23.80% and a net margin of 18.52%. The business had revenue of $613.57 million during the quarter, compared to analysts’ expectations of $646.17 million. During the same quarter in the previous year, the company posted $1.18 earnings per share. Research analysts predict that Alliance Resource Partners will post 3.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. StockNews.com cut Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 31st. Benchmark raised their price objective on Alliance Resource Partners from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th.

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.