5 Energy Dividend Stocks with Over 4% Yield

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

Number of Hedge Fund Holders: 5

Dividend Yield as of April 20: 5.79%

Alliance Resource Partners, L.P. (NASDAQ:ARLP) is an Oklahoma-based diversified natural resource company, operating through four segments – Illinois Basin Coal Operations, Appalachia Coal Operations, Oil & Gas Royalties, and Coal Royalties. Alliance Resource Partners, L.P. (NASDAQ:ARLP)’s dividend yield on April 20 stood at 5.79%. 

Noble Capital analyst Mark Reichman on March 30 initiated coverage of Alliance Resource Partners, L.P. (NASDAQ:ARLP) with an Outperform rating and a $22 price target. Alliance Resource Partners, L.P. (NASDAQ:ARLP)’s coal, oil, and gas mineral interests are located in “favorable” producing regions across the United States, the analyst told investors in a research note. The analyst said that strong cash flows by Alliance Resource Partners, L.P. (NASDAQ:ARLP)’s operations are forecasted to fund ongoing growth in its oil and natural gas royalty business, along with diversification into green energy.

On January 25, Alliance Resource Partners, L.P. (NASDAQ:ARLP) declared a $0.25 per share quarterly dividend, a 25% increase from its prior dividend of $0.20. The dividend was paid on February 14, to shareholders of the company as of February 7. 

Insider Monkey’s fourth quarter database suggested that 5 hedge funds were bullish on Alliance Resource Partners, L.P. (NASDAQ:ARLP), compared to 6 funds in the prior quarter. Adam Peterson’s Magnolia Capital Fund is the biggest stakeholder of the company, with approximately 5 million shares worth $62.5 million.