Alliance Resource Partners, L.P. (NASDAQ:ARLP) Declares Quarterly Dividend of $0.60

Alliance Resource Partners, L.P. (NASDAQ:ARLP) announced a quarterly dividend on Tuesday, January 27th. Investors of record on Friday, February 6th will be paid a dividend of 0.60 per share by the energy company on Friday, February 13th. This represents a c) annualized dividend and a yield of 9.8%. The ex-dividend date of this dividend is Friday, February 6th.

Alliance Resource Partners has increased its dividend by an average of 0.1%annually 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 tumble. 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 Stock Down 0.2%

Shares of NASDAQ ARLP traded down $0.05 during trading on Wednesday, hitting $24.38. The stock had a trading volume of 108,194 shares, compared to its average volume of 336,817. Alliance Resource Partners has a 12 month low of $22.20 and a 12 month high of $29.09. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.90 and a quick ratio of 1.39. The firm has a fifty day moving average of $23.93 and a two-hundred day moving average of $24.45. The company has a market capitalization of $3.13 billion, a PE ratio of 12.97 and a beta of 0.32.

Alliance Resource Partners (NASDAQ:ARLP) last posted its quarterly earnings data on Monday, October 27th. The energy company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.67 by $0.03. The firm had revenue of $571.40 million during the quarter, compared to analyst estimates of $567.03 million. Alliance Resource Partners had a net margin of 10.88% and a return on equity of 14.75%. As a group, equities research analysts forecast that Alliance Resource Partners will post 2.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Nomura Holdings Inc. purchased a new position in shares of Alliance Resource Partners during the second quarter valued at about $7,842,000. Crescent Grove Advisors LLC boosted its position in shares of Alliance Resource Partners by 30.4% in the 2nd quarter. Crescent Grove Advisors LLC now owns 260,081 shares of the energy company’s stock worth $6,799,000 after purchasing an additional 60,627 shares in the last quarter. MGO One Seven LLC boosted its holdings in Alliance Resource Partners by 10.4% in the second quarter. MGO One Seven LLC now owns 251,705 shares of the energy company’s stock worth $6,580,000 after acquiring an additional 23,691 shares in the last quarter. Tweedy Browne Co LLC boosted its stake in Alliance Resource Partners by 122.5% in the 2nd quarter. Tweedy Browne Co LLC now owns 19,477 shares of the energy company’s stock worth $509,000 after purchasing an additional 10,722 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Alliance Resource Partners by 158.6% in the second quarter. Farther Finance Advisors LLC now owns 2,506 shares of the energy company’s stock worth $66,000 after buying an additional 1,537 shares in the last quarter. Institutional investors own 18.11% of the company’s stock.

About Alliance Resource Partners

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.