Dorchester Minerals, L.P. to Issue Quarterly Dividend of $0.78 (NASDAQ:DMLP)

Dorchester Minerals, L.P. (NASDAQ:DMLPGet Free Report) declared a quarterly dividend on Thursday, April 18th, Zacks reports. Stockholders of record on Monday, April 29th will be paid a dividend of 0.782 per share by the energy company on Thursday, May 9th. This represents a $3.13 dividend on an annualized basis and a dividend yield of 8.98%. The ex-dividend date is Friday, April 26th.

Dorchester Minerals Price Performance

Shares of NASDAQ:DMLP opened at $34.82 on Wednesday. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 12.26 and a beta of 1.11. The business’s 50-day moving average is $32.65 and its 200-day moving average is $30.97. Dorchester Minerals has a 1 year low of $27.02 and a 1 year high of $35.74.

Dorchester Minerals (NASDAQ:DMLPGet Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.90 earnings per share (EPS) for the quarter. Dorchester Minerals had a return on equity of 66.48% and a net margin of 68.89%. The company had revenue of $50.42 million for the quarter.

Insider Activity at Dorchester Minerals

In other news, insider Minerals Operating Dorchester bought 7,500 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The stock was acquired at an average cost of $33.46 per share, with a total value of $250,950.00. Following the transaction, the insider now directly owns 42,299 shares of the company’s stock, valued at approximately $1,415,324.54. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders bought 13,775 shares of company stock valued at $448,648 in the last three months. Corporate insiders own 7.10% of the company’s stock.

Wall Street Analyst Weigh In

Separately, raised Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, January 6th.

Read Our Latest Research Report on Dorchester Minerals

Dorchester Minerals Company Profile

(Get Free Report)

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of royalty properties in the United States. Its royalty properties include producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests in 593 counties and parishes in 28 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.

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Dividend History for Dorchester Minerals (NASDAQ:DMLP)

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