Alliance Resource Partners, L.P. (NASDAQ:ARLP) Shareholders to Get $0.60 Quarterly Dividend

Alliance Resource Partners, L.P. (NASDAQ:ARLP) declared a quarterly dividend on Monday, October 26th. Shareholders of record on Friday, November 6th will be paid a dividend of $0.60 per share by the energy company on Friday, November 13th. This represents a $2.40 dividend on an annualized basis and a yield of 9.1%. The ex-dividend date is Friday, November 6th.

Alliance Resource Partners has increased its dividend by an average of 0.5% annually over the last three years. Alliance Resource Partners has a payout ratio of 90.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Alliance Resource Partners to earn $2.85 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 84.2%.

Alliance Resource Partners Trading Up 1.0%

ARLP stock opened at $26.40 on Tuesday. The company has a market cap of $3.40 billion, a P/E ratio of 12.88 and a beta of 0.34. Alliance Resource Partners has a twelve month low of $23.01 and a twelve month high of $29.45. The company has a quick ratio of 1.32, a current ratio of 1.75 and a debt-to-equity ratio of 0.28. The business has a fifty day moving average of $25.71 and a 200-day moving average of $25.57.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings results on Monday, July 27th. The energy company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). The firm had revenue of $551.56 million during the quarter, compared to the consensus estimate of $554.30 million. Alliance Resource Partners had a net margin of 12.25% and a return on equity of 17.70%. As a group, equities research analysts expect that Alliance Resource Partners will post 3.00 EPS for the current year.

Insider Transactions at Alliance Resource Partners

In related news, Director Ronna McDaniel bought 3,000 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was bought at an average cost of $26.11 per share, for a total transaction of $78,330.00. Following the transaction, the director owned 3,000 shares of the company’s stock, valued at $78,330. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 16.80% of the company’s stock.

Institutional Trading of Alliance Resource Partners

A number of hedge funds have recently modified their holdings of ARLP. Energy Income Partners LLC raised its holdings in Alliance Resource Partners by 145.9% in the first quarter. Energy Income Partners LLC now owns 737,328 shares of the energy company’s stock worth $20,387,000 after purchasing an additional 437,486 shares during the period. Bank of America Corp DE boosted its position in shares of Alliance Resource Partners by 74.2% during the first quarter. Bank of America Corp DE now owns 269,655 shares of the energy company’s stock worth $7,456,000 after purchasing an additional 114,880 shares in the last quarter. Mizuho Markets Americas LLC acquired a new position in shares of Alliance Resource Partners in the 1st quarter valued at $6,830,000. Adams Asset Advisors LLC grew its holdings in shares of Alliance Resource Partners by 2.2% in the 3rd quarter. Adams Asset Advisors LLC now owns 264,797 shares of the energy company’s stock valued at $6,432,000 after buying an additional 5,784 shares during the period. Finally, First Trust Advisors LP increased its position in shares of Alliance Resource Partners by 2.9% in the 1st quarter. First Trust Advisors LP now owns 192,532 shares of the energy company’s stock valued at $5,324,000 after buying an additional 5,450 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. (NASDAQ: ARLP) is a diversified natural resource company headquartered in Tulsa, Oklahoma. The company’s primary business is the production and marketing of coal, which it supplies to electric utilities and industrial customers in the United States.

Alliance Resource Partners operates coal mines in the Illinois Basin and Appalachia, producing primarily thermal coal used for electricity generation. Its operations include underground and surface mining, coal processing, transportation and marketing activities.