Black Stone Minerals, L.P. (NYSE:BSM) to Issue Quarterly Dividend of $0.35

Black Stone Minerals, L.P. (NYSE:BSM) announced a quarterly dividend on Wednesday, October 21st. Investors of record on Friday, November 6th will be paid a dividend of $0.35 per share by the oil and gas producer on Friday, November 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date is Friday, November 6th. This is a 9.4% increase from Black Stone Minerals’s previous quarterly dividend of $0.32.

Black Stone Minerals has increased its dividend by an average of 0.1% per year over the last three years. Black Stone Minerals has a payout ratio of 83.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Black Stone Minerals to earn $0.98 per share next year, which means the company may not be able to cover its $1.28 annual dividend with an expected future payout ratio of 130.6%.

Black Stone Minerals Trading Up 0.3%

Shares of BSM traded up $0.04 during mid-day trading on Thursday, reaching $14.63. The stock had a trading volume of 95,890 shares, compared to its average volume of 391,095. Black Stone Minerals has a 52-week low of $12.92 and a 52-week high of $15.49. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 12.10 and a beta of 0.15. The business’s fifty day moving average is $14.74 and its 200 day moving average is $14.28. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.76 and a quick ratio of 3.76.

Black Stone Minerals (NYSE:BSM) last released its quarterly earnings data on Monday, August 3rd. The oil and gas producer reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.24. Black Stone Minerals had a net margin of 61.72% and a return on equity of 41.48%. The firm had revenue of $148.97 million during the quarter, compared to analysts’ expectations of $108.28 million. On average, sell-side analysts predict that Black Stone Minerals will post 0.95 EPS for the current fiscal year.

About Black Stone Minerals

Black Stone Minerals, L.P. (NYSE: BSM) is a publicly traded master limited partnership that owns mineral and royalty interests in oil and natural gas properties across the United States. The company’s interests entitle it to receive a portion of production or revenue from properties operated and developed by exploration and production companies, generally without bearing the same level of operating costs as working-interest owners.

Black Stone’s portfolio includes mineral, royalty, overriding royalty and working interests in several major U.S.