New position started in portfolio : Alliance Resource Partners (ARLP)
ARLP
Alliance Resource Partners, L.P. (NASDAQ: ARLP) is a
diversified producer and marketer of steam coal to major United States
utilities and industrial users. ARLP, the nation's first publicly traded
master limited partnership involved in the production and marketing of
coal, began mining operations in 1971 and, since then, has grown through
acquisitions and internal development to become the third-largest coal
producer in the eastern United States. ARLP’s subsidiaries operate ten
mining complexes in Illinois, Indiana, Kentucky, Maryland and West
Virginia, including a new mining complex in West Virginia. An ARLP
subsidiary is also constructing a new mine in southern Indiana and is
purchasing and funding development of reserves, constructing surface
facilities and making equity investments in a new mining complex in
southern Illinois. In addition, an ARLP subsidiary operates a coal
loading terminal on the Ohio River at Mount Vernon, Indiana.
ARLP pay dividend quarterly with 2-5-8-11 schedule. Starting yield is at 7.74%
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