Insider Buying: Dorchester Minerals LP (DMLP) Director Purchases 1,071 Shares of Stock
Dorchester Minerals LP (NASDAQ:DMLP) Director H C. Allen, Jr. bought 1,071 shares of the stock in a transaction on Friday, November 18th. The stock was purchased at an average cost of $15.82 per share, with a total value of $16,943.22. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Dorchester Minerals LP (NASDAQ:DMLP) traded up 4.70% during midday trading on Monday, reaching $16.70. 70,112 shares of the company’s stock traded hands. Dorchester Minerals LP has a 52-week low of $8.57 and a 52-week high of $17.95. The stock has a 50-day moving average price of $0.00 and a 200-day moving average price of $0.00.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Monday, October 31st were issued a dividend of $0.2522 per share. This represents a $1.01 annualized dividend and a dividend yield of 6.04%. The ex-dividend date was Thursday, October 27th.
About Dorchester Minerals
Dorchester Minerals, L.P. is engaged in the acquisition, ownership and administration of Royalty Properties and net profits interests (NPIs). The Royalty Properties consist of producing and non-producing mineral, royalty, overriding royalty, net profits and leasehold interests located in approximately 570 counties and parishes in over 30 states.
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