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

Dorchester Minerals, L.P. (NASDAQ:DMLP) declared 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 9.25%. The ex-dividend date of this dividend is Friday, April 26th.

Dorchester Minerals Stock Performance

Shares of NASDAQ DMLP opened at $33.83 on Friday. Dorchester Minerals has a 52-week low of $27.02 and a 52-week high of $35.74. The firm has a 50 day moving average price of $32.47 and a two-hundred day moving average price of $30.86. The stock has a market cap of $1.34 billion, a P/E ratio of 11.91 and a beta of 1.11.

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

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Dorchester Minerals from a “hold” rating to a “buy” rating in a research report on Saturday, January 6th.

Insider Activity

In other news, insider Minerals Operating Dorchester acquired 7,500 shares of Dorchester Minerals stock in a transaction dated Thursday, January 25th. The shares were bought at an average cost of $33.46 per share, with a total value of $250,950.00. Following the purchase, the insider now owns 42,299 shares in the company, valued at approximately $1,415,324.54. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders have bought 13,775 shares of company stock valued at $448,648. 7.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dorchester Minerals

Institutional investors have recently modified their holdings of the company. McIlrath & Eck LLC bought a new stake in shares of Dorchester Minerals in the 4th quarter valued at $30,000. Pin Oak Investment Advisors Inc. boosted its stake in Dorchester Minerals by 45.0% during the second quarter. Pin Oak Investment Advisors Inc. now owns 1,450 shares of the energy company’s stock worth $43,000 after acquiring an additional 450 shares in the last quarter. Citigroup Inc. boosted its stake in Dorchester Minerals by 4,306.7% during the third quarter. Citigroup Inc. now owns 2,644 shares of the energy company’s stock worth $77,000 after acquiring an additional 2,584 shares in the last quarter. Cannell Capital LLC boosted its stake in Dorchester Minerals by 35.2% during the first quarter. Cannell Capital LLC now owns 3,399 shares of the energy company’s stock worth $88,000 after acquiring an additional 885 shares in the last quarter. Finally, State of Wyoming boosted its stake in Dorchester Minerals by 247.1% during the second quarter. State of Wyoming now owns 3,835 shares of the energy company’s stock worth $115,000 after acquiring an additional 2,730 shares in the last quarter. 19.21% of the stock is owned by institutional investors.

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.