Black Stone Minerals, L.P. (NYSE:BSM – Get Free Report) announced a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Thursday, August 6th will be given a dividend of 0.32 per share by the oil and gas producer on Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 8.8%. The ex-dividend date is Thursday, August 6th. This is a 6.7% increase from Black Stone Minerals’s previous quarterly dividend of $0.30.
Black Stone Minerals has increased its dividend by an average of 0.1%per year over the last three years. Black Stone Minerals has a dividend payout ratio of 77.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Black Stone Minerals to earn $1.14 per share next year, which means the company may not be able to cover its $1.20 annual dividend with an expected future payout ratio of 105.3%.
Black Stone Minerals Price Performance
BSM stock opened at $14.55 on Friday. The company’s fifty day simple moving average is $13.93 and its 200 day simple moving average is $14.34. Black Stone Minerals has a 12-month low of $11.78 and a 12-month high of $15.49. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 11.45 and a beta of 0.04. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.24.
Black Stone Minerals Company Profile
Black Stone Minerals L.P. (NYSE: BSM) is a publicly traded limited partnership that acquires and manages oil and natural gas mineral interests and producing royalty interests across the United States. The company’s business model centers on holding fractional ownership in subsurface mineral estates, which allows it to earn royalty income from hydrocarbon production without taking on the capital expenditures or operating risks associated with exploration and development.
Founded in 1876 and headquartered in Houston, Texas, Black Stone Minerals has built a diversified portfolio spanning key U.S.
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