Dorchester Minerals, L.P. to Issue Quarterly Dividend of $0.48 (NASDAQ:DMLP)

Dorchester Minerals, L.P. (NASDAQ:DMLP) declared a quarterly dividend on Thursday, April 23rd. Stockholders of record on Monday, May 4th will be paid a dividend of 0.475 per share by the energy company on Thursday, May 14th. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Monday, May 4th.

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

Dorchester Minerals Trading Down 0.0%

Dorchester Minerals stock opened at $28.70 on Friday. The firm has a market capitalization of $1.39 billion, a P/E ratio of 24.74 and a beta of 0.61. Dorchester Minerals has a 1 year low of $20.85 and a 1 year high of $29.95. The business has a 50-day moving average of $27.10 and a 200-day moving average of $24.74.

Dorchester Minerals (NASDAQ:DMLP) last posted its earnings results on Tuesday, February 24th. The energy company reported $0.32 earnings per share (EPS) for the quarter. The company had revenue of $41.86 million during the quarter. Dorchester Minerals had a return on equity of 17.76% and a net margin of 37.53%.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Dorchester Minerals from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, February 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

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.