Alliance Resource Partners, L.P. (ARLP) to Issue Quarterly Dividend of $0.60 on May 15th

Alliance Resource Partners, L.P. (NASDAQ:ARLP) declared a quarterly dividend on Monday, April 27th. Stockholders of record on Friday, May 8th will be paid a dividend of 0.60 per share by the energy company on Friday, May 15th. This represents a c) annualized dividend and a dividend yield of 9.2%. The ex-dividend date is Friday, May 8th.

Alliance Resource Partners has raised its dividend by an average of 0.5%annually over the last three years. Alliance Resource Partners has a payout ratio of 90.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Alliance Resource Partners to earn $2.61 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 92.0%.

Alliance Resource Partners Price Performance

Shares of NASDAQ:ARLP opened at $26.18 on Wednesday. Alliance Resource Partners has a 12 month low of $22.20 and a 12 month high of $29.45. The firm has a market capitalization of $3.37 billion, a P/E ratio of 13.78 and a beta of 0.26. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.10 and a quick ratio of 1.41. The company’s fifty day moving average price is $26.91 and its 200 day moving average price is $25.20.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings data on Monday, February 2nd. The energy company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.14. The company had revenue of $535.51 million during the quarter, compared to the consensus estimate of $556.82 million. Alliance Resource Partners had a net margin of 11.35% and a return on equity of 16.75%. As a group, sell-side analysts predict that Alliance Resource Partners will post 2.45 earnings per share for the current fiscal year.

Alliance Resource Partners Company Profile

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a Tulsa, Oklahoma–based master limited partnership engaged in the production, marketing and transportation of bituminous coal. Through its subsidiaries, the company develops, owns and operates surface and underground coal mines, providing fuel primarily for electric power generation and various industrial applications. Alliance’s integrated business model covers the extraction of raw coal, processing at preparation plants and delivery to domestic and export customers.

The partnership operates multiple mining complexes across Illinois, Indiana, Kentucky and West Virginia.