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

Natural Resource Partners L.P. (NYSE:NRP) announced a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.75 per share by the energy company on Tuesday, February 25th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Tuesday, February 18th.

Natural Resource Partners has raised its dividend payment by an average of 18.6% per year over the last three years.

Natural Resource Partners Price Performance

Shares of NRP traded down $2.54 during midday trading on Thursday, hitting $101.21. 41,040 shares of the company traded hands, compared to its average volume of 31,777. The stock has a 50-day moving average of $107.09 and a 200-day moving average of $99.26. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.33 and a quick ratio of 2.33. Natural Resource Partners has a one year low of $81.74 and a one year high of $113.04. The firm has a market cap of $1.31 billion, a P/E ratio of 8.14 and a beta of 0.56.

Natural Resource Partners (NYSE:NRP) last released its quarterly earnings results on Tuesday, November 5th. The energy company reported $2.00 EPS for the quarter. Natural Resource Partners had a net margin of 68.22% and a return on equity of 39.69%. The firm had revenue of $60.33 million during the quarter.

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.