Dorchester Minerals, L.P. (DMLP) To Go Ex-Dividend on October 28th

Dorchester Minerals, L.P. (NASDAQ:DMLP) declared a quarterly dividend on Thursday, October 17th, Zacks reports. Investors of record on Monday, October 28th will be paid a dividend of 0.996 per share by the energy company on Thursday, November 7th. This represents a $3.98 dividend on an annualized basis and a yield of 12.22%. The ex-dividend date is Monday, October 28th. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.70.

Dorchester Minerals Price Performance

Shares of NASDAQ:DMLP opened at $32.59 on Friday. The firm has a market capitalization of $1.31 billion, a PE ratio of 12.68 and a beta of 1.10. Dorchester Minerals has a 1 year low of $27.16 and a 1 year high of $35.74. The firm’s 50-day moving average is $30.87 and its two-hundred day moving average is $31.50.

Dorchester Minerals (NASDAQ:DMLP) last announced its earnings results on Thursday, August 1st. The energy company reported $0.57 earnings per share for the quarter. The firm had revenue of $37.36 million for the quarter. Dorchester Minerals had a net margin of 66.16% and a return on equity of 59.40%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Monday, August 5th.

About Dorchester Minerals

Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of royalty properties in the United States. Its royalty properties include producing and nonproducing mineral, royalty, overriding royalty, net profits, and leasehold interests in 593 counties and parishes in 28 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.