Dorchester Minerals, L.P. (DMLP) To Go Ex-Dividend on February 2nd

Dorchester Minerals, L.P. (NASDAQ:DMLP) declared a quarterly dividend on Thursday, January 22nd. Stockholders of record on Monday, February 2nd will be given a dividend of 0.7557 per share by the energy company on Thursday, February 12th. This represents a c) annualized dividend and a dividend yield of 11.9%. The ex-dividend date of this dividend is Monday, February 2nd. This is a 9.5% increase from Dorchester Minerals’s previous quarterly dividend of $0.69.

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

Dorchester Minerals Stock Performance

Shares of NASDAQ:DMLP opened at $25.41 on Friday. Dorchester Minerals has a 52 week low of $20.85 and a 52 week high of $32.47. The firm has a market cap of $1.23 billion, a PE ratio of 23.53 and a beta of 0.62. The firm’s fifty day moving average is $22.84 and its 200-day moving average is $24.36.

Dorchester Minerals (NASDAQ:DMLP) last announced its earnings results on Thursday, November 6th. The energy company reported $0.23 earnings per share (EPS) for the quarter. Dorchester Minerals had a return on equity of 16.22% and a net margin of 36.27%.

About Dorchester Minerals

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.