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

Alliance Resource Partners, L.P. (NASDAQ:ARLP - Get Free Report) announced a quarterly dividend on Monday, April 28th, RTT News reports. Shareholders of record on Thursday, May 8th will be given a dividend of 0.70 per share by the energy company on Thursday, May 15th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 10.31%. The ex-dividend date of this dividend is Thursday, May 8th.

Alliance Resource Partners has increased its dividend payment by an average of 91.3% annually over the last three years. Alliance Resource Partners has a payout ratio of 88.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble. Equities research analysts expect Alliance Resource Partners to earn $3.63 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 77.1%.

Alliance Resource Partners Stock Performance

Shares of ARLP traded up $0.76 on Friday, reaching $27.16. The company's stock had a trading volume of 290,425 shares, compared to its average volume of 365,018. Alliance Resource Partners has a 12-month low of $21.84 and a 12-month high of $30.56. The stock has a market capitalization of $3.49 billion, a P/E ratio of 9.84 and a beta of 0.62. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.36 and a quick ratio of 1.69. The stock's 50 day simple moving average is $26.21 and its two-hundred day simple moving average is $26.57.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last released its earnings results on Monday, April 28th. The energy company reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.03). The firm had revenue of $540.47 million for the quarter, compared to the consensus estimate of $556.31 million. Alliance Resource Partners had a return on equity of 19.09% and a net margin of 14.74%. Research analysts forecast that Alliance Resource Partners will post 2.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Alliance Resource Partners

In other Alliance Resource Partners news, SVP Timothy J. Whelan sold 50,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $25.13, for a total transaction of $1,256,500.00. Following the completion of the transaction, the senior vice president now owns 93,850 shares of the company's stock, valued at $2,358,450.50. This represents a 34.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 16.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ARLP. Benchmark reaffirmed a "buy" rating and issued a $29.00 price objective on shares of Alliance Resource Partners in a research note on Tuesday. StockNews.com downgraded Alliance Resource Partners from a "buy" rating to a "hold" rating in a research note on Saturday, April 26th.

Alliance Resource Partners Company Profile

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.