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

Alliance Resource Partners, L.P. (NASDAQ:ARLP) 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 10.07%.

Alliance Resource Partners has raised its dividend payment by an average of 91.3% annually 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 fall. Equities research 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

Shares of Alliance Resource Partners stock traded up $0.44 on Tuesday, hitting $27.80. The company’s stock had a trading volume of 365,992 shares, compared to its average volume of 451,686. The company has a market capitalization of $3.56 billion, a P/E ratio of 7.90 and a beta of 1.17. The company has a quick ratio of 1.69, a current ratio of 2.36 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average price of $26.96 and a 200-day moving average price of $25.49. Alliance Resource Partners has a 52-week low of $18.32 and a 52-week high of $30.56.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings results on Monday, October 28th. The energy company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.16). The firm had revenue of $613.57 million for the quarter, compared to analysts’ expectations of $646.17 million. Alliance Resource Partners had a return on equity of 23.74% and a net margin of 18.52%. During the same quarter last year, the firm earned $1.18 earnings per share. On average, equities research analysts expect that Alliance Resource Partners will post 3.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Activity

In related news, SVP Timothy J. Whelan sold 10,000 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $28.00, for a total transaction of $280,000.00. Following the completion of the sale, the senior vice president now owns 157,946 shares of the company’s stock, valued at approximately $4,422,488. This represents a 5.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 16.80% of the company’s stock.

About Alliance Resource Partners

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.