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Dorchester Minerals (NASDAQ:DMLP) declared a quarterly dividend on Thursday, July 10th, American Banking and Market News reports. Stockholders of record on Monday, July 21st will be given a dividend of 0.4909 per share on Thursday, July 31st. This represents a $1.96 dividend on an annualized basis and a yield of 6.34%.

Dorchester Minerals (NASDAQ:DMLP) traded down 0.63% during mid-day trading on Thursday, hitting $30.786. 10,191 shares of the company’s stock traded hands. Dorchester Minerals has a 1-year low of $23.56 and a 1-year high of $31.23. The stock has a 50-day moving average of $29.12 and a 200-day moving average of $26.78. The company has a market cap of $944.4 million and a price-to-earnings ratio of 20.16.

Dorchester Minerals, L.P. (NASDAQ:DMLP) is engaged in the acquisition, ownership and administration of Royalty Properties and Net Profits Interests (NPIs).

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