Dorchester Minerals, L.P. (NASDAQ:DMLP) Declares Quarterly Dividend of $0.48

Dorchester Minerals, L.P. (NASDAQ:DMLP) announced a quarterly dividend on Thursday, April 23rd. Stockholders of record on Monday, May 4th will be paid a dividend of 0.475 per share by the energy company on Thursday, May 14th. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Monday, May 4th.

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

Dorchester Minerals Price Performance

Shares of Dorchester Minerals stock opened at $28.70 on Friday. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 24.74 and a beta of 0.61. Dorchester Minerals has a 52-week low of $20.85 and a 52-week high of $29.95. The stock has a 50-day simple moving average of $27.10 and a 200-day simple moving average of $24.74.

Dorchester Minerals (NASDAQ:DMLP) last announced its quarterly earnings results on Tuesday, February 24th. The energy company reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $41.86 million during the quarter. Dorchester Minerals had a return on equity of 17.76% and a net margin of 37.53%.

Institutional Investors Weigh In On Dorchester Minerals

Several institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. lifted its holdings in Dorchester Minerals by 59.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock worth $35,000 after purchasing an additional 440 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in Dorchester Minerals in the 4th quarter worth approximately $36,000. EverSource Wealth Advisors LLC lifted its holdings in Dorchester Minerals by 4,918.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,061 shares of the energy company’s stock worth $68,000 after purchasing an additional 3,000 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Dorchester Minerals in the 4th quarter worth approximately $68,000. Finally, Osaic Holdings Inc. lifted its holdings in Dorchester Minerals by 14.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company’s stock worth $104,000 after purchasing an additional 463 shares during the last quarter. 19.21% of the stock is currently owned by institutional investors and hedge funds.

About Dorchester Minerals

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.