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

Dorchester Minerals, L.P. (NASDAQ:DMLP) announced a quarterly dividend on Thursday, January 23rd,Wall Street Journal reports. Investors 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 9.41%. The ex-dividend date of this dividend is Monday, February 3rd.

Dorchester Minerals Stock Down 1.3 %

DMLP stock opened at $31.42 on Friday. The company has a 50 day moving average of $33.10 and a two-hundred day moving average of $31.89. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 11.30 and a beta of 1.09. Dorchester Minerals has a 12-month low of $28.41 and a 12-month high of $35.74.

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. The business had revenue of $53.47 million during the quarter. Dorchester Minerals had a return on equity of 48.81% and a net margin of 66.02%.

Insiders Place Their Bets

In other Dorchester Minerals news, CEO Bradley J. Ehrman bought 14,430 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was purchased at an average price of $34.41 per share, for a total transaction of $496,536.30. Following the purchase, the chief executive officer now directly owns 29,622 shares in the company, valued at $1,019,293.02. This trade represents a 94.98 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Leslie A. Moriyama acquired 12,050 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was bought at an average price of $34.41 per share, for a total transaction of $414,640.50. Following the purchase, the chief financial officer now owns 83,450 shares of the company’s stock, valued at $2,871,514.50. The trade was a 16.88 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 41,152 shares of company stock valued at $1,388,552 over the last quarter. Insiders own 7.10% of the company’s stock.

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.