Natural Resource Partners LP Declares Quarterly Dividend of $0.75 (NYSE:NRP)

Natural Resource Partners LP (NYSE:NRP) announced a quarterly dividend on Tuesday, November 4th. Stockholders of record on Tuesday, November 18th will be given a dividend of 0.75 per share by the energy company on Tuesday, November 25th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, November 18th.

Natural Resource Partners has raised its dividend payment by an average of 0.2%per year over the last three years.

Natural Resource Partners Price Performance

Shares of NRP stock traded down $0.50 during trading hours on Wednesday, hitting $104.37. The company had a trading volume of 1,389 shares, compared to its average volume of 23,298. Natural Resource Partners has a 12 month low of $86.83 and a 12 month high of $113.04. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 9.82 and a beta of 0.29. The firm’s fifty day moving average is $104.03 and its 200 day moving average is $100.84. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.20 and a current ratio of 2.20.

Natural Resource Partners (NYSE:NRP) last released its quarterly earnings results on Tuesday, November 4th. The energy company reported $2.28 EPS for the quarter. The business had revenue of $49.93 million for the quarter. Natural Resource Partners had a return on equity of 27.76% and a net margin of 65.19%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Wall Street Zen upgraded Natural Resource Partners from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Natural Resource Partners in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

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.