Alliance Resource Partners, L.P. (ARLP) To Go Ex-Dividend on November 7th

Alliance Resource Partners, L.P. (NASDAQ:ARLP) declared a quarterly dividend on Wednesday, October 22nd. Stockholders of record on Friday, November 7th will be paid a dividend of 0.60 per share by the energy company on Friday, November 14th. This represents a c) annualized dividend and a dividend yield of 9.7%. The ex-dividend date is Friday, November 7th.

Alliance Resource Partners has raised its dividend by an average of 0.1%annually over the last three years. Alliance Resource Partners has a dividend payout ratio of 90.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Alliance Resource Partners to earn $3.63 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 66.1%.

Alliance Resource Partners Trading Up 0.8%

Alliance Resource Partners stock opened at $24.80 on Wednesday. Alliance Resource Partners has a 52-week low of $22.20 and a 52-week high of $30.56. The company has a quick ratio of 1.37, a current ratio of 1.96 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 13.15 and a beta of 0.51. The firm has a 50-day moving average price of $24.06 and a two-hundred day moving average price of $25.40.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings results on Monday, October 27th. The energy company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. Alliance Resource Partners had a return on equity of 14.75% and a net margin of 10.88%.The company had revenue of $571.40 million for the quarter, compared to analysts’ expectations of $567.03 million. Sell-side analysts expect that Alliance Resource Partners will post 2.72 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ARLP. Cambridge Investment Research Advisors Inc. grew its stake in shares of Alliance Resource Partners by 4.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 27,903 shares of the energy company’s stock worth $761,000 after acquiring an additional 1,070 shares during the last quarter. DAVENPORT & Co LLC increased its stake in Alliance Resource Partners by 44.2% in the first quarter. DAVENPORT & Co LLC now owns 15,650 shares of the energy company’s stock valued at $427,000 after acquiring an additional 4,800 shares during the period. Bank of New York Mellon Corp acquired a new position in Alliance Resource Partners in the first quarter worth about $205,000. Concurrent Investment Advisors LLC lifted its stake in Alliance Resource Partners by 12.2% during the first quarter. Concurrent Investment Advisors LLC now owns 29,975 shares of the energy company’s stock worth $818,000 after purchasing an additional 3,265 shares during the period. Finally, U.S. Capital Wealth Advisors LLC boosted its holdings in Alliance Resource Partners by 6.6% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 64,477 shares of the energy company’s stock valued at $1,759,000 after purchasing an additional 3,977 shares in the last quarter. 18.11% of the stock is currently owned by institutional investors and hedge funds.

Alliance Resource Partners Company Profile

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.