Alliance Resource Stock To Go Ex-dividend Tomorrow (ARLP)
NEW YORK (TheStreet) -- The ex-dividend date for Alliance Resource Partners (Nasdaq:ARLP) is tomorrow, August 3, 2011. Owners of shares as of market close today will be eligible for a dividend of 92 cents per share. At a price of $75.99 as of 10 a.m. ET, the dividend yield is 4.8%. The average volume for Alliance Resource has been 108,900 shares per day over the past 30 days. Alliance Resource has a market cap of $2.8 billion and is part of the basic materials sector and metals & mining industry. Shares are up 16.3% year to date as of the close of trading on Monday. Alliance Resource Partners, L.P. engages in the production and marketing of coal for utilities and industrial users in the United States. It operates nine underground mining complexes, which offer low, medium, and high-sulfur coal. The company has a P/E ratio of 10.5, equal to the average metals & mining industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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