Alliance Resource Partners, L.P. (ARLP) to Issue Quarterly Dividend of $0.60 on August 14th

Alliance Resource Partners, L.P. (NASDAQ:ARLP) announced a quarterly dividend on Monday, July 27th. Investors of record on Friday, August 7th will be given a dividend of 0.60 per share by the energy company on Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date of this dividend is Friday, August 7th.

Alliance Resource Partners has increased its dividend by an average of 0.5%per year over the last three years. Alliance Resource Partners has a 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. Research analysts expect Alliance Resource Partners to earn $2.82 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 85.1%.

Alliance Resource Partners Price Performance

Shares of NASDAQ ARLP opened at $25.91 on Wednesday. Alliance Resource Partners has a fifty-two week low of $22.20 and a fifty-two week high of $29.45. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 12.64 and a beta of 0.23. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.95 and a current ratio of 1.46. The firm’s 50-day simple moving average is $24.70 and its 200 day simple moving average is $25.53.

Alliance Resource Partners (NASDAQ:ARLP) last issued its quarterly earnings data on Monday, July 27th. The energy company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Alliance Resource Partners had a return on equity of 17.61% and a net margin of 12.25%.The company had revenue of $551.56 million for the quarter, compared to the consensus estimate of $554.30 million. As a group, research analysts anticipate that Alliance Resource Partners will post 2.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Summit Securities Group LLC purchased a new stake in shares of Alliance Resource Partners during the 1st quarter worth approximately $28,000. IFC & Insurance Marketing Inc. purchased a new position in Alliance Resource Partners in the fourth quarter valued at approximately $35,000. Smartleaf Asset Management LLC bought a new position in Alliance Resource Partners during the fourth quarter valued at $35,000. Sound Income Strategies LLC bought a new position in Alliance Resource Partners during the fourth quarter valued at $36,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in Alliance Resource Partners by 135.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,523 shares of the energy company’s stock worth $39,000 after buying an additional 875 shares during the last quarter. 18.11% of the stock is currently owned by hedge funds and other institutional investors.

Alliance Resource Partners Company Profile

Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a Tulsa, Oklahoma–based master limited partnership engaged in the production, marketing and transportation of bituminous coal. Through its subsidiaries, the company develops, owns and operates surface and underground coal mines, providing fuel primarily for electric power generation and various industrial applications. Alliance’s integrated business model covers the extraction of raw coal, processing at preparation plants and delivery to domestic and export customers.

The partnership operates multiple mining complexes across Illinois, Indiana, Kentucky and West Virginia.