Dorchester Minerals, L.P. (DMLP) to Distribute Quarterly Dividend of $1.27 on August 13th

Dorchester Minerals, L.P. (NASDAQ:DMLP) declared a quarterly dividend on Thursday, July 23rd. Stockholders of record on Monday, August 3rd will be given a dividend of 1.2729 per share by the energy company on Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 18.4%. The ex-dividend date of this dividend is Monday, August 3rd. This is a 168.0% increase from Dorchester Minerals’s previous quarterly dividend of $0.48.

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

Dorchester Minerals Price Performance

Dorchester Minerals stock opened at $27.61 on Friday. The business has a 50 day simple moving average of $26.68 and a 200-day simple moving average of $26.53. Dorchester Minerals has a 12 month low of $20.85 and a 12 month high of $28.95. The stock has a market capitalization of $1.33 billion, a PE ratio of 19.86 and a beta of 0.55.

Dorchester Minerals (NASDAQ:DMLP) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported $0.59 EPS for the quarter. Dorchester Minerals had a net margin of 40.85% and a return on equity of 22.11%. The company had revenue of $58.88 million during the quarter.

Insider Transactions at Dorchester Minerals

In other news, insider Minerals Operating Dorchester bought 7,500 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average price of $27.56 per share, with a total value of $206,700.00. Following the purchase, the insider owned 70,017 shares of the company’s stock, valued at $1,929,668.52. This trade represents a 12.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Bradley J. Ehrman bought 4,000 shares of Dorchester Minerals stock in a transaction on Tuesday, May 12th. The stock was purchased at an average price of $26.78 per share, for a total transaction of $107,120.00. Following the completion of the acquisition, the chief executive officer owned 142,723 shares in the company, valued at $3,822,121.94. This represents a 2.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have purchased 19,000 shares of company stock valued at $526,070. 5.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. grew its position in shares of Dorchester Minerals by 59.9% in the first quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock valued at $35,000 after purchasing an additional 440 shares during the period. Farther Finance Advisors LLC purchased a new stake in Dorchester Minerals in the 4th quarter valued at about $36,000. Kestra Advisory Services LLC acquired a new position in shares of Dorchester Minerals during the 4th quarter valued at about $68,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Dorchester Minerals by 4,918.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,061 shares of the energy company’s stock worth $68,000 after acquiring an additional 3,000 shares during the period. Finally, Osaic Holdings Inc. boosted its position in shares of Dorchester Minerals by 14.1% in the second quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company’s stock worth $104,000 after acquiring an additional 463 shares during the last quarter. Hedge funds and other institutional investors own 19.21% of the company’s stock.

Dorchester Minerals Company Profile

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.