Alliance Resource Partners L.P.(ARLP) Declares Dividend of $0.4375.

Alliance Resource Partners L.P. (ARLP) had declared a cash dividend of $0.4375 on Jan 30, 2017. The shares will quote ex-dividend on Feb 3, 2017 and the record date has been fixed for Feb 7, 2017. Based on Feb 3, 2017 share price, the yield comes out to be 7.19%. The dividend payable date has been fixed on Feb 14, 2017.

In a different note, MKM Partners said it Initiates Coverage On Alliance Resource Partners L.P., according to a research note issued on Dec 20, 2016. In the research note, the firm Announces the price-target to $25 per share. The shares have been rated ‘Neutral’ by the firm.

Alliance Resource Partners L.P. (ARLP) made into the market gainers list on Tuesdays trading session with the shares advancing 0.83% or 0.2 points. Due to strong positive momentum, the stock ended at $24.3, which is also near the day’s high of $24.6. The stock began the session at $23.9 and the volume stood at 4,31,997 shares. The 52-week high of the shares is $26.65 and the 52 week low is $9.95. The company has a current market capitalization of $1,807 M and it has 7,43,75,025 shares in outstanding.

Alliance Resource Partners L.P.(ARLP) last announced its earnings results on Jan 30, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $527.400M. Analysts had an estimated revenue of $511.160M. Earnings per share were $1.3. Analysts had estimated an EPS of $0.82.

Several Insider Transactions has been reported to the SEC. On Aug 5, 2016, Robert J Fouch (Vice President and Controller) sold 17,000 shares at $19.34 per share price.Also, On Feb 24, 2016, Joseph W Iii Craft (director officer 10% owner (President and Chief E) sold 357,450 shares at $36.90 per share price.On Feb 11, 2016, John P Neafsey (director) purchased 5,000 shares at $12.15 per share price, according to the Form-4 filing with the securities and exchange commission.

Alliance Resource Partners L.P. is a producer and marketer of coal primarily to the United States utilities and industrial users. The Company operates through four segments: the Illinois Basin Appalachia White Oak Resources LLC (White Oak) and Other and Corporate. The Company’s Illinois Basin mining operations are located in western Kentucky southern Illinois and southern Indiana. The Company’s Appalachian mining operations are located in eastern Kentucky Maryland and West Virginia. It owns and operates the coal handling and processing facilities and provides mine products and services. The Company also develops and markets additional services including ash and scrubber sludge removal coal yard maintenance and arranging alternate transportation services.

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