Alliance Resource Partners, L.P. (ARLP) To Go Ex-Dividend on August 7th

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 yield of 9.3%. The ex-dividend date is Friday, August 7th.

Alliance Resource Partners has increased its dividend payment by an average of 0.5%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. Research 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 Stock Performance

NASDAQ:ARLP opened at $25.73 on Wednesday. The firm has a market capitalization of $3.31 billion, a PE ratio of 12.55 and a beta of 0.22. The company has a quick ratio of 0.95, a current ratio of 1.46 and a debt-to-equity ratio of 0.24. Alliance Resource Partners has a 12-month low of $22.20 and a 12-month high of $29.45. The firm has a 50-day moving average price of $24.80 and a 200 day moving average price of $25.59.

Alliance Resource Partners (NASDAQ:ARLP) last released its quarterly earnings data on Monday, July 27th. The energy company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Alliance Resource Partners had a net margin of 12.25% and a return on equity of 17.61%. The company had revenue of $551.56 million for the quarter, compared to analyst estimates of $554.30 million. Research analysts anticipate that Alliance Resource Partners will post 2.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ARLP shares. Weiss Ratings upgraded Alliance Resource Partners from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 24th. Zacks Research upgraded shares of Alliance Resource Partners from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Alliance Resource Partners has a consensus rating of “Buy” and a consensus target price of $30.00.

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.