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

Alliance Resource Partners, L.P. (NASDAQ:ARLP) declared a quarterly dividend on Tuesday, January 28th,RTT News reports. Investors of record on Friday, February 7th will be paid a dividend of 0.70 per share by the energy company on Friday, February 14th. This represents a $2.80 dividend on an annualized basis and a yield of 9.73%. The ex-dividend date is Friday, February 7th.

Alliance Resource Partners has increased its dividend payment by an average of 91.3% per year over the last three years. Alliance Resource Partners has a 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 decline. 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 Trading Up 3.6 %

Alliance Resource Partners stock opened at $28.79 on Thursday. The firm has a 50-day moving average of $26.99 and a 200-day moving average of $25.53. Alliance Resource Partners has a one year low of $18.32 and a one year high of $30.56. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.36 and a quick ratio of 1.69. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 8.18 and a beta of 1.17.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on ARLP. StockNews.com cut shares of Alliance Resource Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, November 15th. Singular Research cut shares of Alliance Resource Partners from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, December 2nd. Finally, Benchmark increased their price target 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.

Insider Transactions at Alliance Resource Partners

In other news, SVP Timothy J. Whelan sold 10,000 shares of the firm’s 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 transaction, the senior vice president now directly owns 157,946 shares of the company’s stock, valued at approximately $4,422,488. This trade represents a 5.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.