Alliance Resource Partners, L.P. (ARLP) To Go Ex-Dividend on November 7th

Alliance Resource Partners, L.P. (NASDAQ:ARLP) announced a quarterly dividend on Monday, October 28th, RTT News reports. Shareholders of record on Thursday, November 7th will be paid a dividend of 0.70 per share by the energy company on Thursday, November 14th. This represents a $2.80 dividend on an annualized basis and a yield of 10.58%. The ex-dividend date is Thursday, November 7th.

Alliance Resource Partners has raised its dividend payment by an average of 91.3% per year over the last three years. Alliance Resource Partners has a payout ratio of 80.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Alliance Resource Partners to earn $3.50 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 80.0%.

Alliance Resource Partners Price Performance

Shares of NASDAQ:ARLP opened at $26.46 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.53 and a quick ratio of 1.80. Alliance Resource Partners has a 12 month low of $18.32 and a 12 month high of $26.70. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 7.52 and a beta of 1.14. The business’s 50 day simple moving average is $24.52 and its 200-day simple moving average is $24.00.

Alliance Resource Partners (NASDAQ:ARLP) last announced its quarterly earnings data on Monday, October 28th. The energy company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.16). Alliance Resource Partners had a net margin of 18.52% and a return on equity of 23.80%. The company had revenue of $613.57 million for the quarter, compared to analysts’ expectations of $646.17 million. During the same period in the prior year, the firm earned $1.18 earnings per share. As a group, equities analysts forecast that Alliance Resource Partners will post 3.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 31st. Benchmark lifted their price objective on shares of Alliance Resource Partners from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th.

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.