Dorchester Minerals, L.P. (NASDAQ:DMLP) to Issue Dividend Increase - $1.00 Per Share

Dorchester Minerals, L.P. (NASDAQ:DMLP - Get Free Report) announced a quarterly dividend on Thursday, October 17th, Zacks reports. Investors of record on Monday, October 28th will be given a dividend of 0.996 per share by the energy company on Thursday, November 7th. This represents a $3.98 annualized dividend and a dividend yield of 12.10%. The ex-dividend date is Monday, October 28th. This is a boost from Dorchester Minerals's previous quarterly dividend of $0.70.

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Dorchester Minerals Price Performance

Shares of NASDAQ DMLP traded up $1.07 during trading hours on Friday, hitting $32.92. 87,462 shares of the company's stock were exchanged, compared to its average volume of 66,813. The company's 50-day moving average price is $30.68 and its 200-day moving average price is $31.55. Dorchester Minerals has a 1-year low of $27.16 and a 1-year high of $35.74. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 12.81 and a beta of 1.10.

Dorchester Minerals (NASDAQ:DMLP - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The energy company reported $0.57 earnings per share for the quarter. Dorchester Minerals had a return on equity of 59.40% and a net margin of 66.16%. The company had revenue of $37.36 million during the quarter.

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Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Dorchester Minerals from a "hold" rating to a "buy" rating in a research report on Monday, August 5th.

Read Our Latest Stock Analysis on DMLP

Dorchester Minerals Company Profile

(Get Free Report)

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.

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