Natural Resource Partners L.P. (NYSE:NRP - Get Free Report) announced a quarterly dividend on Tuesday, November 5th, Zacks reports. Shareholders of record on Tuesday, November 19th will be paid a dividend of 0.75 per share by the energy company on Tuesday, November 26th. This represents a $3.00 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Tuesday, November 19th.
Natural Resource Partners has raised its dividend by an average of 30.5% per year over the last three years.
Natural Resource Partners Stock Performance
NYSE NRP traded up $3.67 during trading on Wednesday, reaching $102.68. 83,207 shares of the company's stock were exchanged, compared to its average volume of 20,590. Natural Resource Partners has a fifty-two week low of $66.92 and a fifty-two week high of $103.14. The stock has a market capitalization of $1.33 billion, a P/E ratio of 7.71 and a beta of 0.50. The business has a 50 day moving average price of $94.39 and a 200-day moving average price of $92.10. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.43 and a quick ratio of 2.43.
Natural Resource Partners (NYSE:NRP - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The energy company reported $2.29 earnings per share for the quarter. The firm had revenue of $65.54 million for the quarter. Natural Resource Partners had a net margin of 70.55% and a return on equity of 44.97%.
Analysts Set New Price Targets
Separately, StockNews.com cut Natural Resource Partners from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 17th.
Check Out Our Latest Research Report on NRP
About Natural Resource Partners
(
Get Free Report)
Natural Resource Partners L.P., together with its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates in two segments, Mineral Rights and Soda Ash. The company owns interests in coal, soda ash, trona, and other natural resources. Its coal reserves are primarily located in the Appalachia Basin, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties located in the United States; and oil and gas properties located in Louisiana.
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