Natural Resource Partners L.P. Declares Quarterly Dividend of $0.75 (NYSE:NRP)

Natural Resource Partners L.P. (NYSE:NRP) announced a quarterly dividend on Wednesday, May 8th, Wall Street Journal reports. Investors of record on Tuesday, May 21st will be paid a dividend of 0.75 per share by the energy company on Tuesday, May 28th. This represents a $3.00 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Monday, May 20th.

Natural Resource Partners has increased its dividend payment by an average of 30.5% per year over the last three years.

Natural Resource Partners Stock Down 0.1 %

Shares of NYSE:NRP traded down $0.05 on Wednesday, reaching $90.30. The company had a trading volume of 34,182 shares, compared to its average volume of 26,761. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $90.34 and a 200 day moving average price of $86.67. The stock has a market capitalization of $1.17 billion, a P/E ratio of 6.84 and a beta of 0.47. Natural Resource Partners has a twelve month low of $44.68 and a twelve month high of $102.00.

Natural Resource Partners (NYSE:NRP) last released its quarterly earnings results on Thursday, March 7th. The energy company reported $4.31 earnings per share (EPS) for the quarter. The company had revenue of $93.16 million during the quarter. Natural Resource Partners had a net margin of 59.68% and a return on equity of 44.05%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Natural Resource Partners from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 8th.

About Natural Resource Partners

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.