Shares of Dorchester Minerals, L.P. (NASDAQ:DMLP – Get Rating) fell 9.3% during trading on Friday . The company traded as low as $23.74 and last traded at $23.74. 790 shares changed hands during trading, a decline of 99% from the average session volume of 64,941 shares. The stock had previously closed at $26.17.
Dorchester Minerals Stock Down 12.6 %
The stock has a market cap of $858.62 million, a PE ratio of 8.16 and a beta of 1.23. The business’s fifty day moving average is $28.09 and its 200 day moving average is $27.05.
Dorchester Minerals Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 11th. Stockholders of record on Monday, August 1st were given a $0.969 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 16.96%. The ex-dividend date was Friday, July 29th. This is a positive change from Dorchester Minerals’s previous quarterly dividend of $0.54. Dorchester Minerals’s payout ratio is currently 133.33%.
Institutional Investors Weigh In On Dorchester Minerals
Dorchester Minerals Company Profile
Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profit, and leasehold interests in the United States. Its royalty properties consist of producing and nonproducing mineral, royalty, and overriding royalty interests located in 582 counties and parishes in 26 states; and net profits interests represent net profits overriding royalty interests in various properties owned by the operating partnership.
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