Alliance Resource Partners, L.P. (NASDAQ:ARLP) Plans Quarterly Dividend of $0.60

Alliance Resource Partners, L.P. (NASDAQ:ARLP – Get Free Report) announced a quarterly dividend on Monday, October 26th. Stockholders of record on Friday, November 6th will be given a dividend of $0.60 per share by the energy company on Friday, November 13th. This represents a $2.40 annualized dividend and a dividend yield of 9.1%. The ex-dividend date of this dividend is Friday, November 6th.

Alliance Resource Partners has raised its dividend payment by an average of 0.5% per year over the last three years. Alliance Resource Partners has a dividend payout ratio of 90.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Alliance Resource Partners to earn $2.85 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 84.2%.

Alliance Resource Partners Stock Performance

Shares of ARLP stock traded up $0.26 during trading on Monday, reaching $26.40. 441,159 shares of the company’s stock traded hands, compared to its average volume of 353,240. The company has a market capitalization of $3.40 billion, a P/E ratio of 12.88 and a beta of 0.34. The company has a current ratio of 1.75, a quick ratio of 1.32 and a debt-to-equity ratio of 0.28. The firm’s 50-day moving average is $25.71 and its 200 day moving average is $25.31. Alliance Resource Partners has a 1 year low of $23.01 and a 1 year high of $29.45.

Alliance Resource Partners (NASDAQ:ARLP – Get Free Report) last released its quarterly earnings data on Monday, October 26th. The energy company reported $1.08 EPS for the quarter, topping the consensus estimate of $0.85 by $0.23. Alliance Resource Partners had a net margin of 12.25% and a return on equity of 17.70%. The company had revenue of $603.01 million during the quarter, compared to the consensus estimate of $585.83 million. Equities research analysts expect that Alliance Resource Partners will post 3.00 EPS for the current year.

Key Headlines Impacting Alliance Resource Partners

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About Alliance Resource Partners

(Get Free Report)

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a diversified natural resource company headquartered in Tulsa, Oklahoma. The company’s primary business is the production and marketing of coal, which it supplies to electric utilities and industrial customers in the United States.

Alliance Resource Partners operates coal mines in the Illinois Basin and Appalachia, producing primarily thermal coal used for electricity generation. Its operations include underground and surface mining, coal processing, transportation and marketing activities.

Further Reading

Dividend History for Alliance Resource Partners (NASDAQ:ARLP)

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