Dorchester Minerals LP Declares Dividend of $0.39 (DMLP)

Dorchester Minerals LP (NASDAQ:DMLP) announced a dividend on Thursday, January 18th, Fidelity reports. Investors of record on Monday, January 29th will be given a dividend of 0.3869 per share by the energy company on Thursday, February 8th. This represents a yield of 0.0236645259938838%. The ex-dividend date of this dividend is Friday, January 26th.

Shares of Dorchester Minerals (NASDAQ DMLP) opened at $16.35 on Friday. The stock has a market cap of $527.78, a price-to-earnings ratio of 17.03 and a beta of 0.82. Dorchester Minerals has a 12 month low of $13.90 and a 12 month high of $19.10.

Dorchester Minerals (NASDAQ:DMLP) last released its quarterly earnings results on Friday, November 3rd. The energy company reported $0.22 earnings per share (EPS) for the quarter. Dorchester Minerals had a net margin of 64.05% and a return on equity of 40.04%. The company had revenue of $12.48 million for the quarter.

In other news, Director Robert C. Vaughn acquired 6,186 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were acquired at an average price of $14.72 per share, for a total transaction of $91,057.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert C. Vaughn acquired 5,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were purchased at an average price of $14.60 per share, for a total transaction of $73,000.00. The disclosure for this purchase can be found here. Insiders have acquired 12,886 shares of company stock worth $189,643 in the last quarter. Company insiders own 9.20% of the company’s stock.

Separately, BidaskClub cut shares of Dorchester Minerals from a “hold” rating to a “sell” rating in a research 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.

Dividend History for Dorchester Minerals (NASDAQ:DMLP)

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