Dorchester Minerals, L.P. (DMLP) To Go Ex-Dividend on February 3rd

Dorchester Minerals, L.P. (NASDAQ:DMLP) announced a quarterly dividend on Friday, January 24th,Wall Street Journal reports. Shareholders 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 yield of 9.15%. The ex-dividend date is Monday, February 3rd.

Dorchester Minerals Stock Up 0.6 %

DMLP opened at $32.31 on Friday. The company’s 50-day moving average price is $33.27 and its 200 day moving average price is $31.90. Dorchester Minerals has a fifty-two week low of $28.41 and a fifty-two week high of $35.74. The firm has a market cap of $1.53 billion, a price-to-earnings 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 for the quarter. The business had revenue of $53.47 million for the quarter. Dorchester Minerals had a return on equity of 48.81% and a net margin of 66.02%.

Insider Buying and Selling at Dorchester Minerals

In other Dorchester Minerals news, CFO Leslie A. Moriyama bought 12,050 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were purchased at an average price of $34.41 per share, with a total value of $414,640.50. Following the purchase, the chief financial officer now directly owns 83,450 shares of the company’s stock, valued at approximately $2,871,514.50. The trade was a 16.88 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Minerals Operating Dorchester purchased 954 shares of Dorchester Minerals stock in a transaction on Monday, December 30th. The shares were acquired at an average price of $33.19 per share, with a total value of $31,663.26. Following the transaction, the insider now directly owns 33,682 shares in the company, valued at $1,117,905.58. This trade represents a 2.91 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 41,152 shares of company stock worth $1,388,552. 7.10% of the stock is owned by insiders.

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.