Dorchester Minerals, L.P. (NASDAQ:DMLP) to Issue Quarterly Dividend of $0.69

Dorchester Minerals, L.P. (NASDAQ:DMLP) declared a quarterly dividend on Thursday, October 23rd. Shareholders of record on Monday, November 3rd will be given a dividend of 0.6899 per share by the energy company on Thursday, November 13th. This represents a c) dividend on an annualized basis and a yield of 11.1%. The ex-dividend date is Monday, November 3rd. This is a 11.2% increase from Dorchester Minerals’s previous quarterly dividend of $0.62.

Dorchester Minerals Price Performance

DMLP opened at $24.95 on Friday. The company’s 50 day simple moving average is $24.99 and its two-hundred day simple moving average is $26.77. Dorchester Minerals has a 1-year low of $23.63 and a 1-year high of $34.88. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 14.51 and a beta of 0.61.

Dorchester Minerals (NASDAQ:DMLP) last released its earnings results on Thursday, August 7th. The energy company reported $0.25 earnings per share for the quarter. Dorchester Minerals had a net margin of 47.35% and a return on equity of 22.49%. The business had revenue of $32.40 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Dorchester Minerals in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Dorchester Minerals currently has an average rating of “Hold”.

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.