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

Alliance Resource Partners, L.P. (NASDAQ:ARLP - Get Free Report) announced a quarterly dividend on Tuesday, January 28th,RTT News reports. Investors of record on Friday, February 7th will be given a dividend of 0.70 per share by the energy company on Friday, February 14th. This represents a $2.80 annualized dividend and a dividend yield of 9.79%. The ex-dividend date is Friday, February 7th.

Alliance Resource Partners has increased its dividend payment by an average of 91.3% per year over the last three years. Alliance Resource Partners has a dividend payout ratio of 91.2% 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 $3.04 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 92.1%.

Alliance Resource Partners Price Performance

ARLP traded up $0.23 on Friday, reaching $28.61. The stock had a trading volume of 228,148 shares, compared to its average volume of 432,650. The company has a current ratio of 2.36, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 8.17 and a beta of 1.17. Alliance Resource Partners has a fifty-two week low of $18.32 and a fifty-two week high of $30.56. The firm has a 50-day moving average of $27.00 and a 200-day moving average of $25.55.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The energy company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.16). Alliance Resource Partners had a net margin of 18.52% and a return on equity of 23.74%. The business had revenue of $613.57 million during the quarter, compared to the consensus estimate of $646.17 million. During the same quarter last year, the business earned $1.18 EPS. As a group, sell-side analysts anticipate that Alliance Resource Partners will post 3.19 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Alliance Resource Partners from a "strong-buy" rating to a "buy" rating in a report on Friday, November 15th. Benchmark upped their price target on Alliance Resource Partners from $26.00 to $27.00 and gave the company a "buy" rating in a research report on Tuesday, October 29th. Finally, Singular Research downgraded Alliance Resource Partners from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, December 2nd.

Insider Activity

In related news, SVP Timothy J. Whelan sold 10,000 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $28.00, for a total transaction of $280,000.00. Following the sale, the senior vice president now owns 157,946 shares in the company, valued at $4,422,488. This represents a 5.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 16.80% of the company's stock.

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.