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

Dorchester Minerals, L.P. (NASDAQ:DMLP – Get Free Report) declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Monday, November 2nd will be given a dividend of $0.8823 per share by the energy company on Thursday, November 12th. This represents a $3.53 annualized dividend and a dividend yield of 11.8%. The ex-dividend date is Monday, November 2nd. This is a 30.7% decrease from Dorchester Minerals’s previous quarterly dividend of $1.2729.

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

Dorchester Minerals Price Performance

Shares of DMLP opened at $29.98 on Friday. The company has a 50 day moving average of $29.23 and a two-hundred day moving average of $27.79. Dorchester Minerals has a twelve month low of $20.85 and a twelve month high of $30.54. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 17.03 and a beta of 0.64.

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

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded shares of Dorchester Minerals from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 2nd. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Dorchester Minerals has a consensus rating of “Hold”.

Get Our Latest Research Report on DMLP

Dorchester Minerals Company Profile

(Get Free Report)

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.

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Dividend History for Dorchester Minerals (NASDAQ:DMLP)

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