Alliance Resource Partners, L.P. (NASDAQ:ARLP) Declares $0.70 Quarterly Dividend

Alliance Resource Partners, L.P. (NASDAQ:ARLP) announced a quarterly dividend on Tuesday, January 28th,RTT News reports. Investors of record on Friday, February 7th will be given a dividend of 0.70 per share by the energy company on Friday, February 14th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.07%.

Alliance Resource Partners has raised its dividend by an average of 91.3% per year over the last three years. Alliance Resource Partners has a dividend payout ratio of 91.2% meaning 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 $3.04 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 92.1%.

Alliance Resource Partners Trading Up 1.6 %

Alliance Resource Partners stock opened at $27.80 on Wednesday. The company has a 50 day moving average price of $26.97 and a 200 day moving average price of $25.50. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 7.90 and a beta of 1.17. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 2.36. Alliance Resource Partners has a 52 week low of $18.32 and a 52 week high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings data on Monday, October 28th. The energy company reported $0.66 earnings per share 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 23.74%. The business had revenue of $613.57 million for the quarter, compared to the consensus estimate of $646.17 million. During the same period in the previous year, the business posted $1.18 EPS. Research analysts forecast that Alliance Resource Partners will post 3.19 EPS for the current year.

Insider Buying and Selling at Alliance Resource Partners

In other news, SVP Timothy J. Whelan sold 10,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $28.00, for a total value of $280,000.00. Following the completion of the sale, the senior vice president now directly owns 157,946 shares of the company’s stock, valued at $4,422,488. This represents a 5.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 16.80% of the company’s stock.

Wall Street Analyst Weigh In

ARLP has been the subject of a number of research analyst reports. Benchmark upped their price objective on shares of Alliance Resource Partners from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. StockNews.com downgraded Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 15th. Finally, Singular Research lowered Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, December 2nd.

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.