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 Dividends reports. Shareholders 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 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Tuesday, November 19th.

Natural Resource Partners has raised its dividend payment by an average of 30.5% annually over the last three years.

Natural Resource Partners Stock Down 1.7 %

Natural Resource Partners stock opened at $105.66 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.33 and a current ratio of 2.33. Natural Resource Partners has a one year low of $68.32 and a one year high of $111.46. The company has a 50-day simple moving average of $97.38 and a 200-day simple moving average of $93.03. The firm has a market capitalization of $1.37 billion, a P/E ratio of 8.50 and a beta of 0.50.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Natural Resource Partners from a “strong-buy” rating to a “buy” rating in a 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.