Natural Resource Partners L.P. (NRP) to Issue Quarterly Dividend of $0.75 on May 28th

Natural Resource Partners L.P. (NYSE:NRPGet Free Report) declared a quarterly dividend on Tuesday, May 7th, Wall Street Journal reports. Stockholders of record on Tuesday, May 21st will be given 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 by an average of 30.5% annually over the last three years.

Natural Resource Partners Stock Up 0.1 %

Shares of Natural Resource Partners stock opened at $90.26 on Friday. The company has a 50-day simple moving average of $90.07 and a two-hundred day simple moving average of $87.67. Natural Resource Partners has a 52-week low of $44.68 and a 52-week high of $102.00. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.76 and a current ratio of 1.76. The stock has a market capitalization of $1.17 billion, a PE ratio of 6.67 and a beta of 0.47.

Natural Resource Partners (NYSE:NRPGet Free Report) last issued its earnings results on Thursday, March 7th. The energy company reported $4.31 EPS for the quarter. Natural Resource Partners had a return on equity of 43.30% and a net margin of 62.93%. The business had revenue of $93.16 million for the quarter.

Analysts Set New Price Targets

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

Read Our Latest Analysis on Natural Resource Partners

Natural Resource Partners Company Profile

(Get Free Report)

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.

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Dividend History for Natural Resource Partners (NYSE:NRP)

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