Natural Resource (NRP) Declares Quarterly Dividend of $0.55
Natural Resource (NYSE:NRP) declared a quarterly dividend on Tuesday, October 22nd, American Banking News.com reports. Shareholders of record on Tuesday, November 5th will be given a dividend of $0.55 per share on Thursday, November 14th. This represents a $2.20 dividend on an annualized basis and a yield of 10.89%.
A number of research firms have recently commented on NRP. Analysts at Zacks reiterated a “neutral” rating on shares of Natural Resource in a research note to investors on Friday, October 4th. They now have a $20.00 price target on the stock.
Shares of Natural Resource (NYSE:NRP) traded up 0.79% on Tuesday, hitting $20.36. The stock had a trading volume of 33,426 shares. Natural Resource has a 52 week low of $16.90 and a 52 week high of $24.37. The stock’s 50-day moving average is $19.60 and its 200-day moving average is $21.26. The company has a market cap of $2.236 billion and a price-to-earnings ratio of 11.04.
Natural Resource (NYSE:NRP) last announced its earnings results on Wednesday, August 7th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.04. The company had revenue of $86.80 million for the quarter, compared to the consensus estimate of $91.16 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. Analysts expect that Natural Resource will post $1.54 EPS for the current fiscal year.
Natural Resource Partners L.P. is a limited partnership engaged principally in the business of owning and managing coal properties in the three coal-producing regions of the United States: Appalachia, the Illinois Basin and the Western United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.