Natural Resource Partners L.P. Plans Quarterly Dividend of $0.75 (NYSE:NRP)

Natural Resource Partners L.P. (NYSE:NRP) announced a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be given a dividend of 0.75 per share by the energy company on Tuesday, February 25th. This represents a $3.00 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Tuesday, February 18th.

Natural Resource Partners has raised its dividend payment by an average of 18.6% annually over the last three years.

Natural Resource Partners Stock Down 2.5 %

Natural Resource Partners stock traded down $2.54 during midday trading on Thursday, hitting $101.21. 41,040 shares of the stock were exchanged, compared to its average volume of 31,777. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 8.14 and a beta of 0.56. Natural Resource Partners has a 52-week low of $81.74 and a 52-week high of $113.04. The business’s 50-day moving average price is $107.09 and its 200-day moving average price is $99.26.

Natural Resource Partners (NYSE:NRP) last announced its quarterly earnings data on Tuesday, November 5th. The energy company reported $2.00 earnings per share (EPS) for the quarter. The firm had revenue of $60.33 million during the quarter. Natural Resource Partners had a return on equity of 39.69% and a net margin of 68.22%.

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.