Natural Resource Partners L.P. Declares Quarterly Dividend of $0.75 (NYSE:NRP)

Natural Resource Partners L.P. (NYSE:NRP) declared a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Stockholders of record on Tuesday, May 21st will be given a dividend of 0.75 per share by the energy company on Tuesday, May 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Monday, May 20th.

Natural Resource Partners has raised its dividend by an average of 30.5% per year over the last three years.

Natural Resource Partners Trading Down 0.1 %

NRP traded down $0.05 on Wednesday, hitting $90.30. The company had a trading volume of 34,182 shares, compared to its average volume of 26,761. The company’s fifty day moving average price is $90.34 and its 200 day moving average price is $86.67. Natural Resource Partners has a 1 year low of $44.68 and a 1 year high of $102.00. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.23. The firm has a market cap of $1.17 billion, a P/E ratio of 6.84 and a beta of 0.47.

Natural Resource Partners (NYSE:NRP) last issued its quarterly earnings data on Thursday, March 7th. The energy company reported $4.31 EPS for the quarter. The firm had revenue of $93.16 million for the quarter. Natural Resource Partners had a net margin of 59.68% and a return on equity of 44.05%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Natural Resource Partners from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 8th.

Natural Resource Partners Company Profile

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.