Dorchester Minerals LP (NASDAQ:DMLP) declared a quarterly dividend on Friday, January 19th, Wall Street Journal reports. Investors of record on Monday, January 29th will be given a dividend of 0.3869 per share by the energy company on Friday, January 26th. This represents a $1.55 annualized dividend and a yield of 9.47%. The ex-dividend date of this dividend is Friday, January 26th. This is an increase from Dorchester Minerals’s previous quarterly dividend of $0.28.
Dorchester Minerals (DMLP) traded up $0.60 during trading on Friday, hitting $16.35. The stock had a trading volume of 226,676 shares, compared to its average volume of 113,677. The stock has a market cap of $527.08, a P/E ratio of 17.03 and a beta of 0.82. Dorchester Minerals has a 52 week low of $13.90 and a 52 week high of $19.10.
Dorchester Minerals (NASDAQ:DMLP) last released its quarterly earnings data on Friday, November 3rd. The energy company reported $0.22 EPS for the quarter. The company had revenue of $12.48 million for the quarter. Dorchester Minerals had a return on equity of 40.04% and a net margin of 64.05%.
Separately, BidaskClub downgraded Dorchester Minerals from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th.
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About Dorchester Minerals
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.
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