Dorchester Minerals, L.P. (NASDAQ:DMLP) Increases Dividend to $1.27 Per Share

Dorchester Minerals, L.P. (NASDAQ:DMLP) announced a quarterly dividend on Thursday, July 23rd. Stockholders of record on Monday, August 3rd will be paid a dividend of 1.2729 per share by the energy company on Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 18.6%. The ex-dividend date is Monday, August 3rd. This is a 168.0% increase from Dorchester Minerals’s previous quarterly dividend of $0.48.

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

Dorchester Minerals Stock Performance

DMLP opened at $27.44 on Friday. The firm has a 50 day moving average price of $26.76 and a 200 day moving average price of $26.37. The company has a market cap of $1.32 billion, a PE ratio of 19.74 and a beta of 0.55. Dorchester Minerals has a 1 year low of $20.85 and a 1 year high of $28.95.

Dorchester Minerals (NASDAQ:DMLP) last released its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.59 EPS for the quarter. Dorchester Minerals had a return on equity of 22.11% and a net margin of 40.85%.The company had revenue of $58.88 million for the quarter.

About Dorchester Minerals

Dorchester Minerals, L.P. (NASDAQ: DMLP) is a publicly traded master limited partnership that acquires, owns and manages mineral and royalty interests in oil and natural gas properties. The company holds net revenue interests on producing and non-producing wells, entitling it to a share of production proceeds without bearing the costs or operating responsibilities associated with exploration and development activities. Through strategic acquisitions and joint-venture arrangements, Dorchester Minerals builds a diversified portfolio of royalty assets across multiple U.S.