Natural Resource Partners L.P.
NRPEnergy · Thermal Coal · Stock · quarterly payer
Forward Yield
2.67%
Annual Dividend
$3.00
Payout Ratio
38%
5-Yr Growth
10.8%
Ex-Date
Aug 18, 2026
Frequency
Quarterly
Key facts about NRP's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Natural Resource Partners L.P. (NRP) has a forward dividend yield of 2.67%, based on an annual dividend of $3.00 per share and a share price of $112.47.
- As of Oct 18, 2026, NRP's dividend safety grade from SmarterDividends is C (58 out of 100), which rates the dividend as borderline.
- NRP last cut its regular dividend in 2016.
- NRP's most recent ex-dividend date was Aug 18, 2026, for a dividend of $0.75 per share.
- As of Oct 18, 2026, NRP pays out 38% of its trailing 12-month earnings as dividends (its payout ratio).
- NRP's dividend has grown at an average rate of 10.8% a year over the past five years.
- As of Oct 18, 2026, NRP's 2.67% yield is 59% below its five-year average yield of 6.55%.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for NRP is $121.16 per share, 8% above the $112.47 share price, so NRP screens as fairly valued.
- Natural Resource Partners L.P. (NRP) pays its dividend quarterly, 4 times a year.
- Natural Resource Partners L.P. (NRP) has raised its regular dividend 26 times and cut it 3 times across the 98 payments on record since 2003. Its most recent change was a 66.7% increase to $0.750 per share, going ex-dividend on May 16, 2022. The last cut went ex-dividend on Nov 3, 2015.
Cite this page
SmarterDividends, "NRP Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/NRP
Summary
As of Oct 18, 2026, Natural Resource Partners L.P. (NRP) yields 2.67% ($3.00 a year per share) and has a dividend safety grade of C (58/100).
Is NRP a good dividend stock?
Yes, with caveatsNatural Resource Partners L.P. (NRP) pays a quarterly dividend yielding 2.67% ($3.00/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (38%)
- Strong 10.8% 5-yr dividend growth
- 245% total price return over 5 years
Risks
- Cut its dividend in 2016
Key Data
- Dividend Yield
- 2.67%
- Payout Ratio
- 38%
- Annual Dividend
- $3.00
- 5-Yr Avg Growth
- 10.8%
- Ex-Dividend Date
- Aug 18, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.23
- Market Cap
- $1.5B
- P/E Ratio
- 14.3
- 5-Yr Total Return
- 245%
- 52-Week Range
- $95.51 – $128.60
- Dividend Safety
- C · 58/100
- Ever Cut?
- Yes (2016)
NRP dividend raises and cuts
Natural Resource Partners L.P. (NRP) has raised its regular dividend 26 times and cut it 3 times across the 98 payments on record since 2003. Its most recent change was a 66.7% increase to $0.750 per share, going ex-dividend on May 16, 2022. The last cut went ex-dividend on Nov 3, 2015.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| May 16, 2022 | Raise | $0.450 → $0.750 | +66.7% |
| Nov 3, 2015 | Cut | $0.900 → $0.450 | −50.0% |
| May 1, 2015 | Cut | $3.50 → $0.900 | −74.3% |
| Jan 16, 2014 | Cut | $5.50 → $3.50 | −36.4% |
| Nov 2, 2011 | Raise | $5.40 → $5.50 | +1.9% |
| Apr 30, 2009 | Raise | $5.35 → $5.40 | +0.9% |
| Feb 3, 2009 | Raise | $5.25 → $5.35 | +1.9% |
| Oct 30, 2008 | Raise | $5.15 → $5.25 | +1.9% |
| Jul 30, 2008 | Raise | $4.95 → $5.15 | +4.0% |
| Apr 29, 2008 | Raise | $4.85 → $4.95 | +2.1% |
| Jan 30, 2008 | Raise | $4.75 → $4.85 | +2.1% |
| Oct 30, 2007 | Raise | $4.65 → $4.75 | +2.2% |
Show all 29 changes since 2003
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jul 30, 2007 | Raise | $4.55 → $4.65 | +2.2% |
| Apr 27, 2007 | Raise | $4.40 → $4.55 | +3.4% |
| Jan 30, 2007 | Raise | $4.25 → $4.40 | +3.5% |
| Oct 30, 2006 | Raise | $4.10 → $4.25 | +3.7% |
| Jul 28, 2006 | Raise | $3.95 → $4.10 | +3.8% |
| Apr 27, 2006 | Raise | $3.82 → $3.95 | +3.5% |
| Jan 30, 2006 | Raise | $3.69 → $3.82 | +3.4% |
| Oct 28, 2005 | Raise | $3.57 → $3.69 | +3.5% |
| Jul 28, 2005 | Raise | $3.44 → $3.57 | +3.6% |
| Apr 28, 2005 | Raise | $3.32 → $3.44 | +3.8% |
| Jan 28, 2005 | Raise | $3.19 → $3.32 | +3.9% |
| Oct 28, 2004 | Raise | $3.00 → $3.19 | +6.3% |
| Jul 29, 2004 | Raise | $2.88 → $3.00 | +4.3% |
| Apr 29, 2004 | Raise | $2.82 → $2.88 | +2.1% |
| Jan 29, 2004 | Raise | $2.69 → $2.82 | +4.6% |
| Oct 30, 2003 | Raise | $2.62 → $2.69 | +2.9% |
| Apr 29, 2003 | Raise | $2.12 → $2.62 | +23.6% |
Frequently Asked Questions
Is NRP a good dividend stock?
Yes, with caveats. Natural Resource Partners L.P. (NRP) pays a quarterly dividend yielding 2.67% ($3.00/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Is NRP undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NRP's fair value is about $121.16 versus a $112.47 share price — so it looks fairly valued (+8% vs. fair value).
Is NRP's dividend safe?
NRP has a dividend-safety grade of C (58/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2016, debt and yield-versus-history.
What is NRP's fair value?
Our blended fair-value estimate for NRP is about $121.16 per share, roughly 8% above the current $112.47 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is NRP a buy, hold, or sell?
We don't issue formal ratings, but on the data NRP screens as "yes, with caveats" and fairly valued. Natural Resource Partners L.P. (NRP) pays a quarterly dividend yielding 2.67% ($3.00/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.
Will NRP cut its dividend?
NRP earns a dividend-safety grade of C (58/100), and has cut its dividend before (last in 2016). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does NRP pay a dividend?
Yes. Natural Resource Partners L.P. pays a quarterly dividend of about $3.00 per share annually, a forward yield of roughly 2.67%.
What is NRP's dividend yield?
As of Oct 18, 2026, NRP's forward dividend yield is 2.67%, based on a $3.00 annual dividend and a $112.47 share price.
What is NRP's dividend per share?
As of Oct 18, 2026, NRP pays $3.00 per share per year, distributed on a quarterly basis.
What is NRP's dividend payout ratio?
As of Oct 18, 2026, NRP's payout ratio is 38% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has NRP grown its dividend?
NRP does not currently have a long dividend-growth streak on record.
When is the next NRP ex-dividend date?
As of Oct 18, 2026, NRP's next ex-dividend date hasn't been announced. The most recent was Aug 18, 2026, for $0.75 per share.
NRP Price — Last 12 Months
Daily close
Price Return
1 Year
+7%
3 Years
+47%
5 Years
+245%
52-Week Range
$95.51 – $128.60
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NRP worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Natural Resource Partners L.P. is $121.16 per share, versus a market price of $112.47. That implies the stock is roughly fairly priced.
Fair Value
$121.16
Current Price
$112.47
Gap
+8%
Margin of Safety
7%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 7.9% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.0% discount rate (CAPM), 7.9% growth for five years fading to 2.5% over the next five, $7.84 EPS, $3.00 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NRP Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full NRP dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 18, 2026 | Aug 25, 2026 | $0.7500 | regular |
| May 19, 2026 | May 26, 2026 | $0.7500 | regular |
| Mar 10, 2026 | Mar 17, 2026 | $0.1200 | regular |
| Feb 17, 2026 | Feb 24, 2026 | $0.7500 | regular |
| Nov 18, 2025 | Nov 25, 2025 | $0.7500 | regular |
| Aug 19, 2025 | Aug 26, 2025 | $0.7500 | regular |
| May 20, 2025 | May 27, 2025 | $0.7500 | regular |
| Mar 11, 2025 | Mar 18, 2025 | $1.2100 | regular |
| Feb 18, 2025 | Feb 25, 2025 | $0.7500 | regular |
| Nov 19, 2024 | Nov 26, 2024 | $0.7500 | regular |
| Aug 20, 2024 | Aug 27, 2024 | $0.7500 | regular |
| May 20, 2024 | May 28, 2024 | $0.7500 | regular |
| Mar 18, 2024 | Mar 26, 2024 | $2.4400 | regular |
| Feb 16, 2024 | Feb 27, 2024 | $0.7500 | regular |
Income Calculator
At $3.00 / yr per share
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