Dorchester Minerals, L.P. (NASDAQ:DMLP) Plans Quarterly Dividend of $0.78

Dorchester Minerals, L.P. (NASDAQ:DMLP) declared a quarterly dividend on Thursday, April 18th, Zacks reports. Investors of record on Monday, April 29th will be paid a dividend of 0.782 per share by the energy company on Thursday, May 9th. This represents a $3.13 dividend on an annualized basis and a yield of 9.25%. The ex-dividend date is Friday, April 26th.

Dorchester Minerals Trading Up 0.8 %

Shares of DMLP stock opened at $33.83 on Friday. Dorchester Minerals has a 1 year low of $27.02 and a 1 year high of $35.74. The firm’s fifty day simple moving average is $32.47 and its 200 day simple moving average is $30.86. The firm has a market capitalization of $1.34 billion, a P/E ratio of 11.91 and a beta of 1.11.

Dorchester Minerals (NASDAQ:DMLP) last announced its earnings results on Thursday, February 22nd. The energy company reported $0.90 earnings per share (EPS) for the quarter. Dorchester Minerals had a net margin of 68.89% and a return on equity of 66.48%. The business had revenue of $50.42 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, January 6th.

Insiders Place Their Bets

In other Dorchester Minerals news, insider Minerals Operating Dorchester purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were purchased at an average price of $31.66 per share, for a total transaction of $158,300.00. Following the completion of the purchase, the insider now directly owns 47,299 shares of the company’s stock, valued at $1,497,486.34. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have acquired 13,775 shares of company stock worth $448,648 over the last 90 days. Corporate insiders own 7.10% of the company’s stock.

Institutional Investors Weigh In On Dorchester Minerals

Several institutional investors and hedge funds have recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV boosted its stake in shares of Dorchester Minerals by 4.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,970 shares of the energy company’s stock valued at $254,000 after purchasing an additional 334 shares in the last quarter. Pin Oak Investment Advisors Inc. boosted its stake in shares of Dorchester Minerals by 45.0% in the 2nd quarter. Pin Oak Investment Advisors Inc. now owns 1,450 shares of the energy company’s stock valued at $43,000 after purchasing an additional 450 shares in the last quarter. Cannell Capital LLC boosted its stake in shares of Dorchester Minerals by 35.2% in the 1st quarter. Cannell Capital LLC now owns 3,399 shares of the energy company’s stock valued at $88,000 after purchasing an additional 885 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in shares of Dorchester Minerals in the 4th quarter valued at $30,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Dorchester Minerals by 7.9% in the 4th quarter. Renaissance Technologies LLC now owns 13,700 shares of the energy company’s stock valued at $410,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 19.21% 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.