Natural Resource Partners LP Li
NRPEnergy · Stock · quarterly payer
Forward Yield
2.92%
Annual Dividend
$3.00
Payout Ratio
38%
5-Yr Growth
10.8%
Ex-Date
Aug 18, 2026
Frequency
Quarterly
Summary
As of August 2026, Natural Resource Partners LP Li (NRP) yields 2.92% ($3.00 per share annually), with a blended fair-value estimate of $126.75 — +21% upside, so it screens as undervalued. Dividend safety grade: C (56/100).
Is NRP a good dividend stock?
MixedNatural Resource Partners LP Li (NRP) pays a quarterly dividend yielding 2.92% ($3.00/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Comfortable payout ratio (38%)
- Strong 10.8% 5-yr dividend growth
- 342% total price return over 5 years
Risks
- Cut its dividend in 2016
Key Data
- Dividend Yield
- 2.92%
- 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
- 0.15
- Market Cap
- —
- P/E Ratio
- 13.3
- 5-Yr Total Return
- 342%
- 52-Week Range
- $95.51 – $128.60
- Dividend Safety
- C · 56/100
- Ever Cut?
- Yes (2016)
Frequently Asked Questions
NRP Price — Last 12 Months
Daily close
Price Return
1 Year
+1%
3 Years
+33%
5 Years
+342%
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?
Undervaluedmedium confidenceOur blended fair-value estimate for Natural Resource Partners LP Li is $126.75 per share, versus a market price of $104.56. That implies 21% of upside — a margin of safety of about 18%.
Fair Value
$126.75
Current Price
$104.56
Upside
+21%
Margin of Safety
18%
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.
Assumptions: 7.0% discount rate (CAPM), 7.9% stage-1 growth, 2.5% terminal growth, $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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 19, 2026 | — | $0.7500 | regular |
| Mar 10, 2026 | — | $0.1200 | regular |
| Feb 17, 2026 | — | $0.7500 | regular |
| Nov 18, 2025 | — | $0.7500 | regular |
| Aug 19, 2025 | — | $0.7500 | regular |
| May 20, 2025 | — | $0.7500 | regular |
| Mar 11, 2025 | — | $1.2100 | regular |
| Feb 18, 2025 | — | $0.7500 | regular |
| Nov 19, 2024 | — | $0.7500 | regular |
| Aug 20, 2024 | — | $0.7500 | regular |
| May 20, 2024 | — | $0.7500 | regular |
| Mar 18, 2024 | — | $2.4400 | regular |
| Feb 16, 2024 | — | $0.7500 | regular |
| Nov 13, 2023 | — | $0.7500 | regular |
Income Calculator
At $3.00 / yr per share
