Dorchester Minerals, L.P. (DMLP) to Distribute Quarterly Dividend of $0.88 on November 12th

Dorchester Minerals, L.P. (NASDAQ:DMLP) announced a quarterly dividend on Thursday, October 22nd. Shareholders of record on Monday, November 2nd will be given a dividend of $0.8823 per share by the energy company on Thursday, November 12th. This represents a $3.53 dividend on an annualized basis and a yield of 11.8%. The ex-dividend date is Monday, November 2nd. This is a 30.7% decrease from Dorchester Minerals’s previous quarterly dividend of $1.2729.

Dorchester Minerals has raised its dividend payment by an average of 0.1% per year over the last three years.

Dorchester Minerals Stock Performance

NASDAQ:DMLP opened at $29.80 on Friday. The company has a 50-day moving average of $29.48 and a 200-day moving average of $27.34. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 16.93 and a beta of 0.64. Dorchester Minerals has a 52 week low of $20.85 and a 52 week high of $31.08.

Dorchester Minerals (NASDAQ:DMLP) last posted its earnings results on Thursday, August 6th. The energy company reported $0.62 earnings per share for the quarter. The business had revenue of $56.08 million for the quarter. Dorchester Minerals had a net margin of 45.45% and a return on equity of 28.43%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Dorchester Minerals from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 23rd. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Dorchester Minerals Company Profile

Dorchester Minerals, L.P. (NASDAQ:DMLP) is a publicly traded energy partnership that owns and manages mineral, royalty, overriding royalty, and net profits interests in oil and natural gas properties. Rather than operating wells directly, the company generally receives payments from exploration and production companies that develop and produce hydrocarbons from its properties.

The partnership’s assets are located across several major U.S. oil and gas regions, including the Permian Basin, the Haynesville and other Gulf Coast areas, the Anadarko Basin, and the Rocky Mountain region.