Dorchester Minerals, L.P. (NASDAQ:DMLP – Get Free Report) announced a quarterly dividend on Thursday, July 23rd. Stockholders of record on Monday, August 3rd will be given a dividend of 1.2729 per share by the energy company on Thursday, August 13th. This represents a c) dividend on an annualized basis and a dividend yield of 18.6%. The ex-dividend date is Monday, August 3rd. This is a 168.0% increase from Dorchester Minerals’s previous quarterly dividend of $0.48.
Dorchester Minerals has increased its dividend by an average of 0.1%annually over the last three years.
Dorchester Minerals Stock Up 0.6%
DMLP opened at $27.44 on Friday. The firm has a market capitalization of $1.32 billion, a P/E ratio of 19.74 and a beta of 0.55. The stock has a fifty day moving average of $26.76 and a 200-day moving average of $26.37. Dorchester Minerals has a 12-month low of $20.85 and a 12-month high of $28.95.
Analyst Upgrades and Downgrades
A number of brokerages have commented on DMLP. Weiss Ratings restated a “hold (c)” rating on shares of Dorchester Minerals in a research report on Wednesday, June 24th. Wall Street Zen upgraded Dorchester Minerals from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Dorchester Minerals has a consensus rating of “Hold”.
Get Our Latest Stock Analysis on Dorchester Minerals
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.
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