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

Posted by Doug Wharley on Nov 6th, 2024

Natural Resource Partners L.P. (NYSE:NRP – Get Free Report) declared a quarterly dividend on Tuesday, November 5th, Zacks reports. Stockholders of record on Tuesday, November 19th will be given a dividend of 0.75 per share by the energy company on Tuesday, November 26th. This represents a $3.00 annualized dividend and a dividend yield of 2.98%. 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 Stock Up 1.6 %

Natural Resource Partners stock traded up $1.54 during mid-day trading on Wednesday, reaching $100.54. 34,745 shares of the company’s stock were exchanged, compared to its average volume of 25,885. Natural Resource Partners has a twelve month low of $66.92 and a twelve month high of $102.00. The company has a fifty day moving average of $94.39 and a 200-day moving average of $92.10. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.39. The company has a market cap of $1.30 billion, a P/E ratio of 7.52 and a beta of 0.50.

Natural Resource Partners (NYSE:NRP – Get Free Report) last posted its quarterly 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 company had revenue of $65.54 million for the quarter.

Analysts Set New Price Targets

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

Read Our Latest Research Report 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.