5 Stocks with Highest Dividend to Invest In Now

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

Dividend Yield as of June 16: 9.88%

On June 8, Alliance Resource Partners, L.P. (NASDAQ:ARLP) announced an agreement to acquire general partner and limited partner interests in AllDale Minerals III and AllDale Minerals IV for $206.2 million. AllDale III and IV hold approximately 48,500 net royalty acres across major basins and resource plays, including the Permian, Anadarko, Bakken, and Haynesville. Combined first-quarter production totaled 5,940 barrels of oil equivalent per day (boe/day), with 3,665 boe/day attributable to Alliance Resource’s economic interests. That production mix consisted of 27% oil, 18% natural gas liquids, and 55% natural gas.

Following the transaction’s completion, Alliance Resource’s aggregate economic interest in AllDale III and IV is expected to increase from about 5% to 61%. The company will also own 100% of the general partner interests in both entities.

Alliance Resource said the acquisition significantly strengthens its positions in the northern Delaware, Anadarko, and Bakken regions. According to the company, trailing 12-month new wells placed into production will increase by 59%, 78%, and 91% in those areas, respectively. The deal also provides entry into the Haynesville, a major natural gas resource play that supports growing LNG export demand.

Upon closing, Alliance Resource expects to control 115,860 net royalty acres, including 44,770 net royalty acres in the Permian Basin. Based on first-quarter figures, total production is expected to reach 17,295 boe/day, with 14,285 boe/day attributable to the company’s economic interests.

Alliance Resource Partners, L.P. (NASDAQ:ARLP) is a diversified energy company engaged in the production and marketing of coal to domestic utilities, industrial users, and international customers. The company also generates royalty income from oil and gas mineral interests located across the United States.