Alliance Resource Partners (ARLP) Raises Quarterly Dividend 14.3% to $0.40; 7.5% Yield

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Go back to Alliance Resource Partners (ARLP) Raises Quarterly Dividend 14.3% to $0.40; 7.5% Yield

Alliance Resource Partners, L.P. Increases Quarterly Distribution to $0.40 Per Unit

July 26, 2022 2:43 PM EDT

TULSA, Okla.--(BUSINESS WIRE)-- Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced that the Board of Directors of ARLPs general partner approved an increased cash distribution to its unitholders for the quarter ended June 30, 2022 (the "2022 Quarter").

ARLP unitholders will receive a cash distribution for the 2022 Quarter of $0.40 per unit (an annualized rate of $1.60 per unit), payable on August 12, 2022 to all unitholders of record as of the close of trading on August 5, 2022. The announced distribution represents a 300.0% increase over the cash distribution of $0.10 per unit for the quarter ended June 30, 2021 and... More