Dorchester Minerals, L.P. (NASDAQ:DMLP) Declares Dividend Increase – $0.76 Per Share

Dorchester Minerals, L.P. (NASDAQ:DMLPGet 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 (NASDAQ:DMLPGet Free Report) last issued its earnings results on Thursday, November 6th. The energy company reported $0.23 EPS for the quarter. Dorchester Minerals had a return on equity of 16.22% and a net margin of 36.27%.

Dorchester Minerals Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Dorchester Minerals (NASDAQ:DMLP)

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