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

Key Points

• Dorchester Minerals declared a quarterly dividend of $0.475 per share, with an ex-dividend and record date of May 4 and payment scheduled for May 14, implying an annualized yield of about 6.6%.
• The company reported quarterly EPS of $0.32 on revenue of $41.86 million; the stock trades around $28.70 with a market cap of $1.39 billion and a trailing P/E of 24.74.
• Dividend growth has been minimal, rising by an average of only 0.1% per year over the past three years.

Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) declared 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) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date is Monday, May 4th.

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

Dorchester Minerals Trading Down 0.0%

Shares of DMLP opened at $28.70 on Friday. Dorchester Minerals has a 1 year low of $20.85 and a 1 year 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. The stock has a market cap of $1.39 billion, a PE ratio of 24.74 and a beta of 0.61.

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

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.

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