Dorchester Minerals, L.P. (NASDAQ:DMLP) to Issue $0.74 Quarterly Dividend

Dorchester Minerals, L.P. (NASDAQ:DMLP) announced a quarterly dividend on Friday, January 24th,Wall Street Journal reports. Investors of record on Monday, February 3rd will be paid a dividend of 0.7394 per share by the energy company on Thursday, February 13th. This represents a $2.96 annualized dividend and a yield of 9.15%. The ex-dividend date is Monday, February 3rd.

Dorchester Minerals Stock Performance

Shares of NASDAQ DMLP opened at $32.31 on Friday. Dorchester Minerals has a 1 year low of $28.41 and a 1 year high of $35.74. The firm has a market cap of $1.53 billion, a P/E ratio of 11.62 and a beta of 1.09. The stock has a fifty day moving average price of $33.27 and a two-hundred day moving average price of $31.90.

Dorchester Minerals (NASDAQ:DMLP) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $0.87 earnings per share for the quarter. The business had revenue of $53.47 million during the quarter. Dorchester Minerals had a return on equity of 48.81% and a net margin of 66.02%.

Insider Activity

In related news, CFO Leslie A. Moriyama purchased 3,218 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average price of $32.60 per share, for a total transaction of $104,906.80. Following the transaction, the chief financial officer now directly owns 71,400 shares of the company’s stock, valued at $2,327,640. This trade represents a 4.72 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Minerals Operating Dorchester bought 6,500 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was purchased at an average cost of $32.21 per share, for a total transaction of $209,365.00. Following the completion of the transaction, the insider now owns 28,728 shares of the company’s stock, valued at $925,328.88. This represents a 29.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 41,152 shares of company stock worth $1,388,552. Corporate insiders own 7.10% of the company’s stock.

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.