Dorchester Minerals, L.P. Announces Quarterly Dividend of $0.32 (NASDAQ:DMLP)
Dorchester Minerals, L.P. (NASDAQ:DMLP) announced a quarterly dividend on Thursday, July 20th, Fidelity reports. Shareholders of record on Monday, July 31st will be given a dividend of 0.323 per share by the energy company on Thursday, August 10th. This represents a $1.29 dividend on an annualized basis and a yield of 8.64%. The ex-dividend date is Thursday, July 27th.
Dorchester Minerals, L.P. (DMLP) traded down 0.99% during mid-day trading on Friday, reaching $14.95. 95,025 shares of the company’s stock were exchanged. Dorchester Minerals, L.P. has a one year low of $14.21 and a one year high of $19.30. The firm has a market capitalization of $458.59 million, a P/E ratio of 16.97 and a beta of 0.78. The company’s 50-day moving average is $15.16 and its 200 day moving average is $16.62.
Several analysts have commented on the stock. BidaskClub raised shares of Dorchester Minerals, L.P. from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 11th. TheStreet raised shares of Dorchester Minerals, L.P. from a “c+” rating to a “b” rating in a research report on Friday, May 26th.
In related news, Director Martha Rochelle acquired 64,174 shares of the firm’s stock in a transaction that occurred on Friday, June 30th. The stock was purchased at an average cost of $14.98 per share, with a total value of $961,326.52. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William Casey Mcmanemin acquired 150,808 shares of the firm’s stock in a transaction that occurred on Friday, June 30th. The stock was bought at an average cost of $14.98 per share, with a total value of $2,259,103.84. Following the completion of the transaction, the chief executive officer now directly owns 660,570 shares in the company, valued at $9,895,338.60. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 243,859 shares of company stock valued at $3,653,008. Insiders own 9.20% of the company’s stock.
Dorchester Minerals, L.P. Company Profile
Dorchester Minerals, L.P. is a limited partnership company. The Company is engaged in the acquisition, ownership and administration of Royalty Properties and net profits interests (NPIs). As of December 31, 2016, the Royalty Properties consisted of producing and nonproducing mineral, royalty, overriding royalty, net profits and leasehold interests located in 574 counties and parishes in 25 states.
Receive News & Ratings for Dorchester Minerals L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dorchester Minerals L.P. and related companies with MarketBeat.com's FREE daily email newsletter.