Black Stone Minerals, L.P. (BSM) To Go Ex-Dividend on August 6th

Black Stone Minerals, L.P. (NYSE:BSM) declared a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Thursday, August 6th will be paid a dividend of 0.32 per share by the oil and gas producer on Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 8.6%. The ex-dividend date is Thursday, August 6th. This is a 6.7% increase from Black Stone Minerals’s previous quarterly dividend of $0.30.

Black Stone Minerals has raised its dividend payment by an average of 0.1%annually over the last three years. Black Stone Minerals has a dividend payout ratio of 83.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Black Stone Minerals to earn $1.14 per share next year, which means the company may not be able to cover its $1.28 annual dividend with an expected future payout ratio of 112.3%.

Black Stone Minerals Price Performance

BSM stock opened at $14.89 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.34 and a quick ratio of 2.34. The company’s 50-day moving average is $14.05 and its 200-day moving average is $14.40. The stock has a market capitalization of $3.16 billion, a PE ratio of 11.72 and a beta of 0.04. Black Stone Minerals has a 1 year low of $11.78 and a 1 year high of $15.49.

Black Stone Minerals (NYSE:BSM) last issued its earnings results on Monday, August 3rd. The oil and gas producer reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.24. Black Stone Minerals had a return on equity of 42.40% and a net margin of 61.67%.The business had revenue of $148.97 million during the quarter, compared to analyst estimates of $108.28 million. Equities research analysts expect that Black Stone Minerals will post 0.96 EPS for the current fiscal year.

About Black Stone Minerals

Black Stone Minerals L.P. (NYSE: BSM) is a publicly traded limited partnership that acquires and manages oil and natural gas mineral interests and producing royalty interests across the United States. The company’s business model centers on holding fractional ownership in subsurface mineral estates, which allows it to earn royalty income from hydrocarbon production without taking on the capital expenditures or operating risks associated with exploration and development.

Founded in 1876 and headquartered in Houston, Texas, Black Stone Minerals has built a diversified portfolio spanning key U.S.