Natural Resource Partners L.P. (NRP) to Issue Quarterly Dividend of $0.75 on February 25th

Natural Resource Partners L.P. (NYSE:NRP) declared a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.75 per share by the energy company on Tuesday, February 25th. This represents a $3.00 annualized dividend and a yield of 2.92%. The ex-dividend date is Tuesday, February 18th.

Natural Resource Partners has raised its dividend by an average of 18.6% per year over the last three years.

Natural Resource Partners Stock Performance

Natural Resource Partners stock opened at $102.63 on Friday. The firm has a market capitalization of $1.33 billion, a P/E ratio of 8.26 and a beta of 0.56. The stock has a fifty day moving average price of $106.15 and a 200 day moving average price of $99.85. Natural Resource Partners has a 52 week low of $81.74 and a 52 week high of $113.04. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.35.

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.