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Alliance Resource Partners Lifts Dividend

Saturday - 4/27/2013, 2:46am  ET

Alliance Resource Partners has bumped its quarterly dividend slightly higher. For its Q1, the company will distribute $1.13 per unit on May 15 to shareholders of record as of May 8. That amount is 2% more than Alliance Resource's preceding distribution, which was handed out in early February, and totaled $1.1075. Prior to that, the partnership paid $1.085 per unit.

The company is lifting the dividend on the back of a strong quarter, which saw it beat analyst expectations on both revenues and earnings per share.

The new dividend annualizes to $4.52 per unit. That yields 6.6% at Alliance Resource's most recent closing price of $68.60.

This article was originally published as Alliance Resource Partners Lifts Dividendon Fool.com

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