Dorchester Minerals, L.P. (NASDAQ:DMLP) Announces $0.78 Quarterly Dividend

Dorchester Minerals, L.P. (NASDAQ:DMLP) announced a quarterly dividend on Thursday, April 18th, Zacks reports. Shareholders of record on Monday, April 29th will be paid a dividend of 0.782 per share by the energy company on Thursday, May 9th. This represents a $3.13 annualized dividend and a yield of 9.25%. The ex-dividend date of this dividend is Friday, April 26th.

Dorchester Minerals Trading Up 0.8 %

Shares of DMLP opened at $33.83 on Friday. Dorchester Minerals has a 12 month low of $27.02 and a 12 month high of $35.74. The stock’s 50 day moving average is $32.47 and its two-hundred day moving average is $30.86. The firm has a market cap of $1.34 billion, a P/E ratio of 11.91 and a beta of 1.11.

Dorchester Minerals (NASDAQ:DMLP) last issued its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.90 EPS for the quarter. The company had revenue of $50.42 million for the quarter. Dorchester Minerals had a return on equity of 66.48% and a net margin of 68.89%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, January 6th.

Insider Transactions at Dorchester Minerals

In other news, insider Minerals Operating Dorchester purchased 5,000 shares of the stock in a transaction dated Tuesday, January 30th. The shares were purchased at an average cost of $31.66 per share, with a total value of $158,300.00. Following the completion of the purchase, the insider now directly owns 47,299 shares of the company’s stock, valued at approximately $1,497,486.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have bought 13,775 shares of company stock valued at $448,648 over the last ninety days. Insiders own 7.10% of the company’s stock.

Hedge Funds Weigh In On Dorchester Minerals

A number of institutional investors have recently added to or reduced their stakes in DMLP. Morgan Stanley lifted its position in Dorchester Minerals by 19.0% during the third quarter. Morgan Stanley now owns 614,015 shares of the energy company’s stock worth $17,837,000 after buying an additional 98,168 shares in the last quarter. Northern Trust Corp lifted its position in Dorchester Minerals by 507.9% during the second quarter. Northern Trust Corp now owns 100,725 shares of the energy company’s stock worth $2,402,000 after buying an additional 84,156 shares in the last quarter. First Republic Investment Management Inc. lifted its position in Dorchester Minerals by 484.0% during the first quarter. First Republic Investment Management Inc. now owns 58,370 shares of the energy company’s stock worth $1,768,000 after buying an additional 48,375 shares in the last quarter. Wexford Capital LP purchased a new stake in Dorchester Minerals in the second quarter valued at $150,000. Finally, Goldman Sachs Group Inc. raised its position in Dorchester Minerals by 93.1% in the second quarter. Goldman Sachs Group Inc. now owns 82,938 shares of the energy company’s stock valued at $1,978,000 after purchasing an additional 39,997 shares during the period. Hedge funds and other institutional investors own 19.21% of the company’s stock.

Dorchester Minerals Company Profile

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of royalty properties in the United States. Its royalty properties include producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests in 593 counties and parishes in 28 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.