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

Alliance Resource Partners, L.P. (NASDAQ:ARLP) declared a quarterly dividend on Tuesday, January 28th,RTT News reports. Investors of record on Friday, February 7th will be paid a dividend of 0.70 per share by the energy company on Friday, February 14th. This represents a $2.80 dividend on an annualized basis and a yield of 9.91%. The ex-dividend date is Friday, February 7th.

Alliance Resource Partners has raised its dividend by an average of 91.3% annually over the last three years. Alliance Resource Partners has a dividend payout ratio of 91.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Alliance Resource Partners to earn $3.04 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 92.1%.

Alliance Resource Partners Stock Performance

Shares of Alliance Resource Partners stock opened at $28.24 on Wednesday. The business has a 50-day moving average price of $26.98 and a two-hundred day moving average price of $25.61. Alliance Resource Partners has a 1-year low of $18.32 and a 1-year high of $30.56. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The company has a market cap of $3.62 billion, a P/E ratio of 8.02 and a beta of 1.16.

Alliance Resource Partners (NASDAQ:ARLP) last issued its earnings results on Monday, February 3rd. The energy company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.38). Alliance Resource Partners had a return on equity of 23.74% and a net margin of 18.52%. As a group, analysts anticipate that Alliance Resource Partners will post 3.19 EPS for the current year.

Insider Buying and Selling

In related news, SVP Timothy J. Whelan sold 10,000 shares of Alliance Resource Partners stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $28.00, for a total transaction of $280,000.00. Following the transaction, the senior vice president now owns 157,946 shares of the company’s stock, valued at $4,422,488. The trade was a 5.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 16.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 15th. Benchmark reissued a “buy” rating and set a $29.00 price objective (up previously from $27.00) on shares of Alliance Resource Partners in a research report on Tuesday. Finally, Singular Research lowered Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, December 2nd.

About Alliance Resource Partners

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.