Natural Resource Partners L.P. (NYSE:NRP) Announces Dividend Increase – $1.21 Per Share

Natural Resource Partners L.P. (NYSE:NRP) announced a dividend on Friday, February 28th, NASDAQ Dividends reports. Investors of record on Tuesday, March 11th will be paid a dividend of 1.21 per share by the energy company on Tuesday, March 18th. The ex-dividend date is Tuesday, March 11th. This is a 245.7% increase from Natural Resource Partners’s previous dividend of $0.35.

Natural Resource Partners has increased its dividend by an average of 18.6% per year over the last three years.

Natural Resource Partners Stock Performance

Shares of NYSE NRP opened at $102.71 on Friday. The firm has a 50 day moving average of $104.80 and a 200 day moving average of $100.99. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 8.26 and a beta of 0.39. Natural Resource Partners has a 12-month low of $81.74 and a 12-month high of $113.04.

Natural Resource Partners (NYSE:NRP) last posted its quarterly earnings results on Friday, February 28th. The energy company reported $3.15 earnings per share for the quarter. The business had revenue of $65.73 million during the quarter. Natural Resource Partners had a net margin of 68.22% and a return on equity of 39.69%.

Natural Resource Partners Company Profile

Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates in two segments, Mineral Rights and Soda Ash. The company owns interests in coal, soda ash, trona, and other natural resources. Its coal reserves are primarily located in the Appalachia Basin, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties located in the United States; and oil and gas properties located in Louisiana.