Dorchester Minerals, L.P. (NASDAQ:DMLP) to Issue Quarterly Dividend of $0.76

by · The Cerbat Gem

Dorchester Minerals, L.P. (NASDAQ:DMLP – Get Free Report) declared a quarterly dividend on Thursday, January 22nd. Investors of record on Monday, February 2nd will be paid a dividend of 0.7557 per share by the energy company on Thursday, February 12th. This represents a c) annualized dividend and a yield of 12.6%. The ex-dividend date is Monday, February 2nd. This is a 9.5% increase from Dorchester Minerals’s previous quarterly dividend of $0.69.

Dorchester Minerals has increased its dividend payment by an average of 0.1%annually over the last three years.

Dorchester Minerals Price Performance

NASDAQ DMLP opened at $24.07 on Friday. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 22.29 and a beta of 0.62. Dorchester Minerals has a 1 year low of $20.85 and a 1 year high of $32.65. The company has a fifty day moving average price of $22.61 and a 200-day moving average price of $24.47.

Dorchester Minerals (NASDAQ:DMLP – Get Free Report) last posted its earnings results on Thursday, November 6th. The energy company reported $0.23 earnings per share for the quarter. Dorchester Minerals had a net margin of 36.27% and a return on equity of 16.22%.

Insider Buying and Selling at Dorchester Minerals

In related news, Director Frank Damon Box bought 5,000 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were purchased at an average price of $21.96 per share, with a total value of $109,800.00. Following the completion of the acquisition, the director owned 9,000 shares of the company’s stock, valued at $197,640. This represents a 125.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Minerals Operating Dorchester bought 10,000 shares of Dorchester Minerals stock in a transaction dated Monday, December 22nd. The stock was purchased at an average cost of $22.30 per share, for a total transaction of $223,000.00. Following the completion of the acquisition, the insider directly owned 35,017 shares of the company’s stock, valued at approximately $780,879.10. The trade was a 39.97% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have bought 31,338 shares of company stock valued at $687,283. 5.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dorchester Minerals

Several large investors have recently modified their holdings of the business. Baker Tilly Wealth Management LLC boosted its holdings in Dorchester Minerals by 3.3% in the third quarter. Baker Tilly Wealth Management LLC now owns 13,088 shares of the energy company’s stock worth $339,000 after acquiring an additional 412 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of Dorchester Minerals by 59.9% in the first quarter. Geneos Wealth Management Inc. now owns 1,175 shares of the energy company’s stock valued at $35,000 after purchasing an additional 440 shares during the period. Creative Planning raised its stake in Dorchester Minerals by 4.6% in the 3rd quarter. Creative Planning now owns 10,163 shares of the energy company’s stock valued at $263,000 after purchasing an additional 450 shares during the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. lifted its stake in Dorchester Minerals by 1.5% in the 3rd quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 29,960 shares of the energy company’s stock worth $776,000 after purchasing an additional 450 shares in the last quarter. Finally, Osaic Holdings Inc. grew its holdings in Dorchester Minerals by 14.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,748 shares of the energy company’s stock valued at $104,000 after buying an additional 463 shares in the last quarter. Institutional investors own 19.21% of the company’s stock.

About Dorchester Minerals

(Get Free Report)

Dorchester Minerals, L.P. (NASDAQ: DMLP) is a publicly traded master limited partnership that acquires, owns and manages mineral and royalty interests in oil and natural gas properties. The company holds net revenue interests on producing and non-producing wells, entitling it to a share of production proceeds without bearing the costs or operating responsibilities associated with exploration and development activities. Through strategic acquisitions and joint-venture arrangements, Dorchester Minerals builds a diversified portfolio of royalty assets across multiple U.S.

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