Dorchester Minerals, L.P. (NASDAQ:DMLP – Get Free Report) declared a quarterly dividend on Thursday, January 22nd. Investors of record on Monday, February 2nd will be given a dividend of 0.7557 per share by the energy company on Thursday, February 12th. This represents a c) dividend on an annualized basis and a yield of 12.8%. The ex-dividend date of this dividend is Monday, February 2nd. This is a 9.5% increase from Dorchester Minerals’s previous quarterly dividend of $0.69.
Dorchester Minerals has raised its dividend by an average of 0.1%per year over the last three years.
Dorchester Minerals Stock Performance
NASDAQ DMLP opened at $23.67 on Friday. The firm’s 50 day moving average price is $22.61 and its two-hundred day moving average price is $24.47. Dorchester Minerals has a twelve month low of $20.85 and a twelve month high of $32.70. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 21.92 and a beta of 0.62.
Dorchester Minerals Company Profile
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.
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