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

Alliance Resource Partners, L.P. (NASDAQ:ARLP - Get Free Report) declared a quarterly dividend on Monday, October 28th, RTT News reports. Investors of record on Thursday, November 7th will be paid a dividend of 0.70 per share by the energy company on Thursday, November 14th. This represents a $2.80 annualized dividend and a yield of 10.98%.

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 77.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Equities research analysts expect Alliance Resource Partners to earn $3.54 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 79.1%.

Alliance Resource Partners Stock Performance

Shares of NASDAQ:ARLP traded down $0.13 during trading on Monday, hitting $25.50. 556,695 shares of the stock were exchanged, compared to its average volume of 381,245. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 5.58 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.80 and a current ratio of 2.53. Alliance Resource Partners has a 1-year low of $18.32 and a 1-year high of $26.21. The company's fifty day simple moving average is $24.35 and its 200-day simple moving average is $23.86.

Alliance Resource Partners (NASDAQ:ARLP - Get Free Report) last posted its quarterly earnings results on Monday, July 29th. The energy company reported $0.77 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.16). Alliance Resource Partners had a return on equity of 27.54% and a net margin of 21.04%. The business had revenue of $593.35 million for the quarter, compared to analyst estimates of $624.72 million. During the same quarter in the prior year, the firm earned $1.30 EPS. Sell-side analysts expect that Alliance Resource Partners will post 3.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. StockNews.com lowered shares of Alliance Resource Partners from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, July 31st. Benchmark upped their price objective on Alliance Resource Partners from $25.00 to $26.00 and gave the company a "buy" rating in a research note on Tuesday, July 30th.

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.