Natural Resource Partners LP (NYSE:NRP – Get Free Report) announced a quarterly dividend on Wednesday, May 6th. Stockholders of record on Tuesday, May 19th will be paid a dividend of 0.75 per share by the energy company on Tuesday, May 26th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Tuesday, May 19th.
Natural Resource Partners has raised its dividend by an average of 0.3%per year over the last three years.
Natural Resource Partners Trading Down 2.1%
Shares of Natural Resource Partners stock opened at $115.44 on Thursday. The company has a fifty day moving average of $119.81 and a 200 day moving average of $112.98. Natural Resource Partners has a fifty-two week low of $91.79 and a fifty-two week high of $128.60. The company has a market capitalization of $1.53 billion, a P/E ratio of 11.50 and a beta of 0.19. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.85 and a current ratio of 1.85.
About Natural Resource Partners
Natural Resource Partners LP (NYSE: NRP) is a master limited partnership that acquires and manages royalty and other mineral interests in coal and other natural resources across North America and Australia. The partnership was formed in 2010 as a spin-out from a major U.S. coal producer and is headquartered in Fairmont, West Virginia. Its core business model centers on owning gross proceeds interests, gross royalty proceeds interests and fee minerals, which provide the right to receive a portion of revenues from mining and mineral production without operating the mines directly.
NRP’s U.S.
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