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

Natural Resource Partners L.P. (NYSE:NRP) announced a quarterly dividend on Tuesday, November 5th, Zacks reports. Shareholders of record on Tuesday, November 19th will be paid a dividend of 0.75 per share by the energy company on Tuesday, November 26th. This represents a $3.00 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Tuesday, November 19th.

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

Natural Resource Partners Price Performance

NRP stock opened at $102.68 on Thursday. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.39. The firm’s 50-day moving average price is $94.69 and its two-hundred day moving average price is $92.18. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 7.70 and a beta of 0.50. Natural Resource Partners has a 12-month low of $66.92 and a 12-month high of $103.14.

Natural Resource Partners (NYSE:NRP) last posted its earnings results on Wednesday, August 7th. The energy company reported $2.29 earnings per share (EPS) for the quarter. Natural Resource Partners had a return on equity of 44.97% and a net margin of 70.55%. The firm had revenue of $65.54 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 17th.

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.