Dorchester Minerals, L.P. (DMLP) to Distribute Quarterly Dividend of $1.27 on August 13th

Dorchester Minerals, L.P. (NASDAQ:DMLP) announced a quarterly dividend on Thursday, July 23rd. Shareholders 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 yield of 18.3%. 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 payment by an average of 0.1%annually over the last three years.

Dorchester Minerals Stock Up 1.3%

Shares of DMLP stock opened at $27.79 on Friday. The company’s fifty day simple moving average is $26.76 and its two-hundred day simple moving average is $26.38. Dorchester Minerals has a 52 week low of $20.85 and a 52 week high of $28.95. The stock has a market cap of $1.34 billion, a P/E ratio of 19.99 and a beta of 0.55.

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

Wall Street Analyst Weigh In

DMLP has been the topic of a number of research analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Dorchester Minerals in a research note on Wednesday, June 24th. Wall Street Zen raised Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

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.