HOUSTON, July 18 /PRNewswire-FirstCall/ -- Natural Resource Partners L.P. and today announced that the Board of Directors of its general partner has declared a second quarter 2007 distribution of $0.465 per unit for both NRP and NSP, an increase of $0.01 in its quarterly distribution. This equates to an annualized distribution of $1.86 per unit. The distribution will be paid on August 14, 2007 to unitholders of record on August 1, 2007. This makes the sixteenth consecutive quarter that NRP has increased its distribution and represents a 2.2% increase over the first quarter 2007 distribution and a 13.4% increase over the second quarter last year.
Natural Resource Partners L.P. is headquartered in Houston, TX, with its operations headquarters in Huntington, WV. NRP is a master limited partnership that is principally engaged in the business of owning and managing coal properties, and coal handling and transportation infrastructure in the three major coal producing regions of the United States: Appalachia, the Illinois Basin and the Powder River Basin. In addition, the partnership also manages aggregate reserves, oil and gas properties and timber assets across the United States. The common units are traded on the New York Stock Exchange (NYSE) under the symbol NRP and the subordinated units are traded on the NYSE under the symbol NSP.
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