Dorchester Minerals, L.P. (NASDAQ:DMLP) Declares Quarterly Dividend of $0.74

Dorchester Minerals, L.P. (NASDAQ:DMLP) declared a quarterly dividend on Friday, January 24th,Wall Street Journal reports. Stockholders of record on Monday, February 3rd will be paid a dividend of 0.7394 per share by the energy company on Thursday, February 13th. This represents a $2.96 annualized dividend and a dividend yield of 9.15%. The ex-dividend date of this dividend is Monday, February 3rd.

Dorchester Minerals Price Performance

Shares of DMLP stock traded up $0.20 on Friday, hitting $32.31. The stock had a trading volume of 172,211 shares, compared to its average volume of 217,230. The company’s 50 day moving average price is $33.29 and its 200-day moving average price is $31.90. Dorchester Minerals has a 1 year low of $28.41 and a 1 year high of $35.74. The firm has a market capitalization of $1.53 billion, a P/E ratio of 11.62 and a beta of 1.09.

Dorchester Minerals (NASDAQ:DMLP) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $0.87 earnings per share (EPS) for the quarter. Dorchester Minerals had a return on equity of 48.81% and a net margin of 66.02%. The business had revenue of $53.47 million for the quarter.

Insider Buying and Selling at Dorchester Minerals

In related news, CFO Leslie A. Moriyama acquired 12,050 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was bought at an average price of $34.41 per share, for a total transaction of $414,640.50. Following the completion of the purchase, the chief financial officer now directly owns 83,450 shares of the company’s stock, valued at approximately $2,871,514.50. The trade was a 16.88 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Minerals Operating Dorchester acquired 6,500 shares of Dorchester Minerals stock in a transaction on Monday, December 23rd. The stock was purchased at an average price of $32.21 per share, with a total value of $209,365.00. Following the purchase, the insider now owns 28,728 shares of the company’s stock, valued at $925,328.88. The trade was a 29.24 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 41,152 shares of company stock valued at $1,388,552 in the last quarter. Corporate insiders own 7.10% of the company’s stock.

Dorchester Minerals Company Profile

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of royalty properties in the United States. Its royalty properties include producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests in 593 counties and parishes in 28 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.