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

Natural Resource Partners L.P. (NYSE:NRP) declared a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Shareholders 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 2.96%. The ex-dividend date of this dividend is Tuesday, February 18th.

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

Natural Resource Partners Price Performance

Shares of NRP traded down $2.54 on Thursday, reaching $101.21. The stock had a trading volume of 41,040 shares, compared to its average volume of 31,777. Natural Resource Partners has a twelve month low of $81.74 and a twelve month high of $113.04. The firm has a market capitalization of $1.31 billion, a PE ratio of 8.14 and a beta of 0.56. The firm has a 50-day moving average of $107.09 and a 200 day moving average of $99.26. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.35.

Natural Resource Partners (NYSE:NRP) last posted its earnings results on Tuesday, November 5th. The energy company reported $2.00 earnings per share for the quarter. The company had revenue of $60.33 million for the quarter. Natural Resource Partners had a return on equity of 39.69% and a net margin of 68.22%.

Natural Resource Partners Company Profile

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.