Black Stone Minerals, L.P. (NYSE:BSM) to Issue $0.30 Quarterly Dividend

Black Stone Minerals, L.P. (NYSE:BSM) declared a quarterly dividend on Wednesday, April 22nd. Investors of record on Friday, May 8th will be paid a dividend of 0.30 per share by the oil and gas producer on Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 8.4%. The ex-dividend date is Friday, May 8th.

Black Stone Minerals has raised its dividend payment by an average of 0.1%per year over the last three years. Black Stone Minerals has a payout ratio of 77.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Black Stone Minerals to earn $1.16 per share next year, which means the company may not be able to cover its $1.20 annual dividend with an expected future payout ratio of 103.4%.

Black Stone Minerals Trading Up 1.5%

Shares of BSM stock opened at $14.21 on Thursday. The company has a current ratio of 3.88, a quick ratio of 3.88 and a debt-to-equity ratio of 0.19. Black Stone Minerals has a 12-month low of $11.78 and a 12-month high of $15.49. The stock has a market capitalization of $3.02 billion, a P/E ratio of 11.10 and a beta of 0.19. The firm’s 50 day moving average is $14.84 and its 200 day moving average is $14.16.

Black Stone Minerals (NYSE:BSM) last announced its earnings results on Monday, February 23rd. The oil and gas producer reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The business had revenue of $118.70 million during the quarter, compared to analyst estimates of $98.08 million. Black Stone Minerals had a net margin of 62.26% and a return on equity of 43.31%. Research analysts expect that Black Stone Minerals will post 0.91 earnings per share for the current year.

About Black Stone Minerals

Black Stone Minerals L.P. (NYSE: BSM) is a publicly traded limited partnership that acquires and manages oil and natural gas mineral interests and producing royalty interests across the United States. The company’s business model centers on holding fractional ownership in subsurface mineral estates, which allows it to earn royalty income from hydrocarbon production without taking on the capital expenditures or operating risks associated with exploration and development.

Founded in 1876 and headquartered in Houston, Texas, Black Stone Minerals has built a diversified portfolio spanning key U.S.