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

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

Dorchester Minerals Trading Up 0.6 %

Shares of NASDAQ DMLP opened at $32.31 on Friday. The stock has a market cap of $1.53 billion, a P/E ratio of 11.62 and a beta of 1.09. The business’s fifty day simple moving average is $33.27 and its 200-day simple moving average is $31.90. Dorchester Minerals has a 12-month low of $28.41 and a 12-month high of $35.74.

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

Insider Buying and Selling

In related news, CFO Leslie A. Moriyama acquired 3,218 shares of Dorchester Minerals stock in a transaction dated 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 owns 71,400 shares of the company’s stock, valued at $2,327,640. This represents a 4.72 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Minerals Operating Dorchester purchased 954 shares of Dorchester Minerals stock in a transaction that occurred on Monday, December 30th. The stock was bought at an average cost of $33.19 per share, with a total value of $31,663.26. Following the completion of the transaction, the insider now owns 33,682 shares of the company’s stock, valued at $1,117,905.58. The trade was a 2.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 41,152 shares of company stock worth $1,388,552 over the last 90 days. 7.10% of the stock is owned by insiders.

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.