Dorchester Minerals, L.P. (NASDAQ:DMLP) Shares Set to Pay Quarterly Dividend of $0.88

Key Points

• Dorchester Minerals declared a quarterly dividend of $0.8823 per share, payable November 12 to shareholders of record November 2. The annualized dividend is $3.53, representing an 11.8% yield, but is down 30.7% from the prior payout.
• The stock opened at $29.98 and trades near its 52-week high of $30.54, with a $1.47 billion market capitalization and a price-to-earnings ratio of 17.03.
• Dorchester reported quarterly revenue of $56.08 million and earnings of $0.62 per share. Analyst sentiment remains cautious, with the company holding an average “Hold” rating after Weiss Ratings downgraded it.

Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) announced a quarterly dividend on Thursday, October 22nd. Investors 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 dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date of this dividend 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

Dorchester Minerals stock opened at $29.98 on Friday. The stock's 50 day moving average price is $29.23 and its 200 day moving average price is $27.79. Dorchester Minerals has a 1-year low of $20.85 and a 1-year high of $30.54. The company has a market cap of $1.47 billion, a PE ratio of 17.03 and a beta of 0.64.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Dorchester Minerals from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Dorchester Minerals has an average rating of "Hold".

About Dorchester Minerals

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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