A third-quarter cash dividend has been declared by Alliance Resource Partners, L.P. in Tulsa.
The board of directors of ARLP’s general partner declared a dividend of $0.525 per unit which figures to an annualized rate of $2.10 per unit.
It will be payable on Nov. 14 to all unitholders of record as of the close of trading on Nov. 7, 2018.
The company said the announced distribution is a 4% increase over the cash distribution of $0.505 declared for the quarter a year ago. It is also one percent more over the second quarter dividend of 2018.
ARLP is reporting its third quarter results this week.