10 Dividend Stocks That Pay More Than the US Average Rental Yield

3. Alliance Resource Partners, L.P. (NASDAQ:ARLP)

Dividend Yield: 10.67%

No. of Hedge Funds: 11

Headquartered in Tulsa, Oklahoma, Alliance Resource Partners, L.P. (NASDAQ:ARLP) is a diversified natural resource company engaged in the business of coal production and transportation. The focus of the company lies in integrating mining, logistics, and marketing to optimize operational efficiency. It also invests in energy infrastructure and minerals to diversify revenue streams. The company operates in the United States with mining operations in the Illinois Basin, Northern Appalachian, and Central Appalachian coal-producing regions.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) offers a dividend yield of 10.67%, exceeding the U.S. average rental yield stands of 6.1%. In the last quarter’s earnings results, the company reported total revenues of $2.4 billion for the full year 2024. The strong performance in revenue was supported by the successful completion of major infrastructure projects at Tunnel Ridge, Hamilton, Warrior, and Riverview, ensuring reliable, low-cost operations for the future. The company’s oil and gas royalties business saw another record year of volumes, suggesting a high capability to cover dividend payments.

Our Insider Monkey database recorded 11 hedge funds backing up Alliance Resource Partners, L.P. (NASDAQ:ARLP), indicating moderate institutional interest. Analysts have assigned a Buy rating for the company, with a 1-year median price target of $29, representing a 10.48% upside to the current price. Investors interested in the stock can purchase them before the next ex-dividend date of May 07, 2025.