Natural Resource Partners LP (NYSE:NRP – Get Free Report) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Thursday, December 17th will be given a dividend of $2.34 per share by the energy company on Thursday, December 24th. This represents a $9.36 annualized dividend and a yield of 8.0%. The ex-dividend date is Thursday, December 17th. This is a 212.0% increase from Natural Resource Partners’s previous quarterly dividend of $0.75.
Natural Resource Partners has increased its dividend by an average of 0.3% annually over the last three years.
Natural Resource Partners Stock Performance
Shares of NYSE NRP opened at $117.64 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.12 and a quick ratio of 2.12. The stock’s fifty day moving average price is $112.01 and its two-hundred day moving average price is $111.25. Natural Resource Partners has a one year low of $95.51 and a one year high of $128.60. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 15.66 and a beta of 0.10.
Natural Resource Partners (NYSE:NRP – Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The energy company reported $1.95 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $1.97. The firm had revenue of $48.94 million for the quarter, compared to analysts’ expectations of $34.00 million. Natural Resource Partners had a return on equity of 15.71% and a net margin of 56.03%.
About Natural Resource Partners
Natural Resource Partners L.P. is a Houston-based master limited partnership that owns and manages a diversified portfolio of natural resource properties. The company generally does not operate mines or other extraction facilities; instead, it leases its mineral interests to operating companies and receives royalty payments and other mineral-related revenues.
NRP’s mineral rights include coal reserves and properties associated with oil and natural gas, aggregates, and other industrial minerals.
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