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

Alliance Resource Partners, L.P. (NASDAQ:ARLP) declared a quarterly dividend on Monday, July 27th. Shareholders of record on Friday, August 7th will be given a dividend of 0.60 per share by the energy company on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date is Friday, August 7th.

Alliance Resource Partners has raised its dividend payment by an average of 0.5%per year over the last three years. Alliance Resource Partners has a dividend payout ratio of 90.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Alliance Resource Partners to earn $2.82 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 85.1%.

Alliance Resource Partners Stock Up 3.7%

Shares of NASDAQ:ARLP traded up $0.92 during trading on Monday, hitting $25.63. 496,100 shares of the company were exchanged, compared to its average volume of 375,187. Alliance Resource Partners has a fifty-two week low of $22.20 and a fifty-two week high of $29.45. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 13.49 and a beta of 0.23. The company has a current ratio of 1.46, a quick ratio of 0.95 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average price of $24.68 and a two-hundred day moving average price of $25.50.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings data on Monday, July 27th. The energy company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.05). Alliance Resource Partners had a net margin of 11.35% and a return on equity of 16.87%. The company had revenue of $551.56 million during the quarter, compared to analyst estimates of $554.30 million. As a group, research analysts anticipate that Alliance Resource Partners will post 2.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ARLP has been the topic of several analyst reports. Wall Street Zen lowered shares of Alliance Resource Partners from a “buy” rating to a “hold” rating in a research report on Saturday, April 4th. Weiss Ratings upgraded shares of Alliance Resource Partners from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday. Finally, Zacks Research raised shares of Alliance Resource Partners from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $30.00.

About Alliance Resource Partners

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a Tulsa, Oklahoma–based master limited partnership engaged in the production, marketing and transportation of bituminous coal. Through its subsidiaries, the company develops, owns and operates surface and underground coal mines, providing fuel primarily for electric power generation and various industrial applications. Alliance’s integrated business model covers the extraction of raw coal, processing at preparation plants and delivery to domestic and export customers.

The partnership operates multiple mining complexes across Illinois, Indiana, Kentucky and West Virginia.