Dorchester Minerals, L.P. (NASDAQ:DMLP) Plans Quarterly Dividend of $0.88

Dorchester Minerals, L.P. (NASDAQ:DMLP) declared a quarterly dividend on Thursday, October 22nd. Shareholders of record on Monday, November 2nd will be paid 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 of this dividend 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 by an average of 0.1% annually over the last three years.

Dorchester Minerals Price Performance

Shares of NASDAQ DMLP opened at $29.98 on Friday. Dorchester Minerals has a 12-month low of $20.85 and a 12-month high of $30.54. The company has a market capitalization of $1.47 billion, a PE ratio of 17.03 and a beta of 0.64. The firm’s 50-day moving average is $29.23 and its two-hundred day moving average is $27.79.

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

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.