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

Natural Resource Partners L.P. (NYSE:NRP) announced a quarterly dividend on Wednesday, May 7th, Wall Street Journal reports. Stockholders of record on Tuesday, May 20th will be given a dividend of 0.75 per share by the energy company on Tuesday, May 27th. This represents a $3.00 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Tuesday, May 20th.

Natural Resource Partners has raised its dividend by an average of 18.6% annually over the last three years.

Natural Resource Partners Stock Down 2.6%

NRP stock opened at $93.23 on Friday. The firm has a market cap of $1.21 billion, a PE ratio of 7.50 and a beta of 0.34. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.33 and a current ratio of 2.33. The firm’s 50 day moving average price is $100.83 and its 200-day moving average price is $103.59. Natural Resource Partners has a one year low of $81.74 and a one year high of $113.04.

Natural Resource Partners (NYSE:NRP) last released its quarterly earnings results on Tuesday, May 6th. The energy company reported $2.97 EPS for the quarter. The firm had revenue of $60.54 million for the quarter. Natural Resource Partners had a net margin of 68.22% and a return on equity of 39.69%.

Institutional Trading of Natural Resource Partners

An institutional investor recently raised its position in Natural Resource Partners stock. Royal Bank of Canada increased its position in shares of Natural Resource Partners L.P. (NYSE:NRP) by 23.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,199 shares of the energy company’s stock after buying an additional 1,761 shares during the quarter. Royal Bank of Canada owned about 0.07% of Natural Resource Partners worth $956,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 31.77% of the company’s stock.

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.