Natural Resource Partners LP (NYSE:NRP) Declares Quarterly Dividend of $0.75

Natural Resource Partners LP (NYSE:NRP) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Tuesday, August 18th will be paid a dividend of 0.75 per share by the energy company on Tuesday, August 25th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, August 18th.

Natural Resource Partners has increased its dividend payment by an average of 0.3%per year over the last three years.

Natural Resource Partners Price Performance

NYSE:NRP opened at $104.76 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.09 and a quick ratio of 2.09. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 12.31 and a beta of 0.15. The company has a 50 day moving average price of $100.56 and a 200-day moving average price of $111.66. Natural Resource Partners has a 1-year low of $95.51 and a 1-year high of $128.60.

Natural Resource Partners (NYSE:NRP) last posted its earnings results on Wednesday, August 5th. The energy company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $1.55. The firm had revenue of $52.97 million during the quarter, compared to analysts’ expectations of $37.70 million. Natural Resource Partners had a net margin of 61.28% and a return on equity of 18.49%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Natural Resource Partners from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Natural Resource Partners Company Profile

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.