Alliance Holdings GP,L.P. (AHGP) Tops Q3 EPS by 12c, Raises Quarterly Dividend by 4.7% to $0.61

Alliance Holdings GP,L.P. (NASDAQ: AHGP) reported Q3 EPS of $0.95, $0.12 better than the analyst estimate of $0.83. Revenue for the quarter came in at $487.7 million versus the consensus estimate of $470.37 million.

The Board of Directors of its general partner declared a quarterly cash distribution for the quarter ended September 30, 2011 (the "2011 Quarter") of $0.61 per unit, or an annualized rate of $2.44 per unit. The declared distribution will be paid on November 18, 2011 to AHGP’s unitholders of record as of the close of trading on November 11, 2011.

The announced distribution represents a 22.0% increase over the $0.50 per unit distribution (an annualized rate of $2.00 per unit) for the quarter ended September 30, 2010 (the "2010 Quarter") and an increase of 4.7% over the second quarter 2011 distribution of $0.5825 per unit (an annualized rate of $2.33 per unit).

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