Dorchester Minerals, L.P. Plans Quarterly Dividend of $0.74 (NASDAQ:DMLP)

Dorchester Minerals, L.P. (NASDAQ:DMLP) declared a quarterly dividend on Friday, January 24th,Wall Street Journal reports. Stockholders of record on Monday, February 3rd will be given a dividend of 0.7394 per share by the energy company on Thursday, February 13th. This represents a $2.96 annualized dividend and a dividend yield of 9.15%. The ex-dividend date of this dividend is Monday, February 3rd.

Dorchester Minerals Trading Up 0.6 %

Dorchester Minerals stock opened at $32.31 on Friday. The company has a 50-day moving average price of $33.27 and a 200 day moving average price of $31.90. Dorchester Minerals has a 12-month low of $28.41 and a 12-month high of $35.74. The stock has a market cap of $1.53 billion, a P/E ratio of 11.62 and a beta of 1.09.

Dorchester Minerals (NASDAQ:DMLP) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $0.87 earnings per share (EPS) for the quarter. Dorchester Minerals had a net margin of 66.02% and a return on equity of 48.81%. The business had revenue of $53.47 million during the quarter.

Insider Activity

In related news, CFO Leslie A. Moriyama bought 3,218 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average price of $32.60 per share, for a total transaction of $104,906.80. Following the acquisition, the chief financial officer now owns 71,400 shares of the company’s stock, valued at approximately $2,327,640. This trade represents a 4.72 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Bradley J. Ehrman purchased 14,430 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average price of $34.41 per share, for a total transaction of $496,536.30. Following the completion of the purchase, the chief executive officer now directly owns 29,622 shares of the company’s stock, valued at $1,019,293.02. This represents a 94.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 41,152 shares of company stock valued at $1,388,552 in the last quarter. Insiders own 7.10% of the company’s stock.

Dorchester Minerals Company Profile

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.