Alliance Resource Stock To Go Ex-dividend Tomorrow (ARLP)

NEW YORK ( TheStreet) -- The ex-dividend date for Alliance Resource Partners (Nasdaq: ARLP) is tomorrow, May 4, 2012. Owners of shares as of market close today will be eligible for a dividend of $1.02 per share. At a price of $63.80 as of 9:30 a.m. ET, the dividend yield is 6.4%.

The average volume for Alliance Resource has been 170,100 shares per day over the past 30 days. Alliance Resource has a market cap of $2.35 billion and is part of the basic materials sector and metals & mining industry. Shares are down 15.9% year to date as of the close of trading on Wednesday.

Alliance Resource Partners, L.P. engages in the production and marketing of coal primarily to utilities and industrial users in the United States. It operates 10 underground mining complexes in the Illinois Basin, Central Appalachian, and Northern Appalachian regions. The company has a P/E ratio of 17.4, above the average metals & mining industry P/E ratio of 7.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Alliance Resource as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, attractive valuation levels, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Alliance Resource Ratings Report.

See our dividend calendar or top-yielding stocks list.