Alliance Resource Partners, L.P. (NASDAQ:ARLP) to Issue Quarterly Dividend of $0.60

Key Points

• Alliance Resource Partners, L.P. will issue a quarterly dividend of $0.60 per share on August 14th, with a current annualized dividend yield of 8.58%.
• The company has a dividend payout ratio of 105.3%, indicating it currently relies on its balance sheet to meet dividend payments, though future earnings projections suggest it may improve to a 77.1% payout ratio.
• Alliance Resource Partners reported earnings of $0.55 per share for the last quarter, missing analysts' expectations by $0.06, and has a market capitalization of $3.59 billion.

Alliance Resource Partners, L.P. (NASDAQ:ARLP - Get Free Report) announced a quarterly dividend on Monday, July 28th, RTT News reports. Shareholders of record on Thursday, August 7th will be given a dividend of 0.60 per share by the energy company on Thursday, August 14th. This represents a c) dividend on an annualized basis and a yield of 9.1%. The ex-dividend date is Thursday, August 7th.

Alliance Resource Partners has a dividend payout ratio of 105.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Down 0.1%

Alliance Resource Partners stock traded down $0.02 during mid-day trading on Thursday, reaching $26.39. 210,278 shares of the company's stock were exchanged, compared to its average volume of 368,447. The company has a market cap of $3.39 billion, a P/E ratio of 14.59 and a beta of 0.54. Alliance Resource Partners has a twelve month low of $22.18 and a twelve month high of $30.56. The company has a quick ratio of 1.37, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average of $26.40 and a 200-day moving average of $26.57.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last released its earnings results on Monday, July 28th. The energy company reported $0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.61 by ($0.06). The business had revenue of $547.46 million for the quarter, compared to analyst estimates of $583.57 million. Alliance Resource Partners had a return on equity of 14.16% and a net margin of 10.30%. Sell-side analysts expect that Alliance Resource Partners will post 2.72 EPS for the current year.

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.