Natural Resource Partners L.P. (NRP) to Issue Quarterly Dividend of $0.75 on August 23rd

Natural Resource Partners L.P. (NYSE:NRP – Get Rating) declared a quarterly dividend on Thursday, August 4th, Zacks reports. Shareholders of record on Tuesday, August 16th will be paid a dividend of 0.75 per share by the energy company on Tuesday, August 23rd. This represents a $3.00 annualized dividend and a yield of 6.72%. The ex-dividend date is Monday, August 15th.

Natural Resource Partners Price Performance

Shares of NYSE:NRP opened at $44.64 on Friday. The business has a fifty day simple moving average of $41.57 and a 200-day simple moving average of $41.84. The company has a quick ratio of 2.52, a current ratio of 2.52 and a debt-to-equity ratio of 1.23. Natural Resource Partners has a 52 week low of $19.90 and a 52 week high of $50.81. The company has a market cap of $551.30 million, a P/E ratio of 4.50 and a beta of 0.60.

Natural Resource Partners (NYSE:NRP – Get Rating) last released its earnings results on Thursday, May 5th. The energy company reported $3.11 earnings per share (EPS) for the quarter. The firm had revenue of $89.72 million during the quarter. Natural Resource Partners had a net margin of 58.36% and a return on equity of 71.97%.

Hedge Funds Weigh In On Natural Resource Partners

Several hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA lifted its position in Natural Resource Partners by 360.9% during the first quarter. BNP Paribas Arbitrage SA now owns 77,722 shares of the energy company’s stock valued at $3,322,000 after buying an additional 60,859 shares in the last quarter. Bank of America Corp DE increased its holdings in Natural Resource Partners by 26.2% in the 1st quarter. Bank of America Corp DE now owns 29,413 shares of the energy company’s stock valued at $1,257,000 after purchasing an additional 6,102 shares in the last quarter. Finally, Avalon Investment & Advisory purchased a new position in Natural Resource Partners in the first quarter valued at about $214,000. 38.48% of the stock is owned by institutional investors and hedge funds.

Natural Resource Partners Company Profile

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Natural Resource Partners L.P., through its subsidiaries, owns, manages, and leases a portfolio of mineral properties in the United States. It operates through 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 Appalachia, the Illinois Basin, and the Northern Powder River Basin in the United States; industrial minerals and aggregates properties are located in the United States; oil and gas properties located in Louisiana; timber assets located in West Virginia; and trona ore mining operation and soda ash refinery are located in the Green River Basin, Wyoming.