Dorchester Minerals, L.P. Announces Quarterly Dividend of $0.78 (NASDAQ:DMLP)

Dorchester Minerals, L.P. (NASDAQ:DMLP) announced a quarterly dividend on Thursday, April 18th, Zacks reports. Shareholders of record on Monday, April 29th will be paid a dividend of 0.782 per share by the energy company on Thursday, May 9th. This represents a $3.13 annualized dividend and a yield of 8.93%. The ex-dividend date is Friday, April 26th.

Dorchester Minerals Stock Performance

DMLP opened at $35.01 on Thursday. Dorchester Minerals has a one year low of $27.02 and a one year high of $35.74. The stock’s fifty day moving average is $32.65 and its 200-day moving average is $30.97. The company has a market capitalization of $1.39 billion, a PE ratio of 12.33 and a beta of 1.11.

Dorchester Minerals (NASDAQ:DMLP) last posted its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.90 EPS for the quarter. Dorchester Minerals had a return on equity of 66.48% and a net margin of 68.89%. The company had revenue of $50.42 million for the quarter.

Insider Buying and Selling

In related news, insider Minerals Operating Dorchester bought 1,275 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The shares were acquired at an average cost of $30.90 per share, for a total transaction of $39,397.50. Following the acquisition, the insider now directly owns 48,574 shares of the company’s stock, valued at approximately $1,500,936.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 7.10% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised Dorchester Minerals from a “hold” rating to a “buy” rating in a research note on Saturday, January 6th.

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.