Dorchester Minerals Empowers Investors with Solid Returns and Fueling Shareholder Value
At the end of today, August 10, 2023, Dorchester Minerals (NASDAQ:DMLP) will distribute a dividend payout of $0.68 per share, translating to an annualized dividend yield of 8.32%. Shareholders who held the stock before the ex-dividend date on July 28, 2023 will benefit from this payout.
Dorchester Minerals Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-07-28 | 4 | $0.68 | 8.32% | 2023-07-20 | 2023-07-31 | 2023-08-10 |
| 2023-04-28 | 4 | $0.99 | 13.67% | 2023-04-20 | 2023-05-01 | 2023-05-11 |
| 2023-01-27 | 4 | $0.88 | 11.64% | 2023-01-19 | 2023-01-30 | 2023-02-09 |
| 2022-10-28 | 4 | $1.14 | 15.1% | 2022-10-20 | 2022-10-31 | 2022-11-10 |
| 2022-07-29 | 4 | $0.97 | 14.29% | 2022-07-21 | 2022-08-01 | 2022-08-11 |
| 2022-04-29 | 4 | $0.75 | 11.62% | 2022-04-21 | 2022-05-02 | 2022-05-12 |
| 2022-01-28 | 4 | $0.64 | 11.62% | 2022-01-20 | 2022-01-31 | 2022-02-10 |
| 2021-10-29 | 4 | $0.51 | 9.95% | 2021-10-21 | 2021-11-01 | 2021-11-10 |
| 2021-07-30 | 4 | $0.48 | 11.53% | 2021-07-23 | 2021-08-02 | 2021-08-12 |
| 2021-04-30 | 4 | $0.3 | 8.74% | 2021-04-22 | 2021-05-03 | 2021-05-13 |
| 2021-01-29 | 4 | $0.24 | 7.42% | 2021-01-21 | 2021-02-01 | 2021-02-11 |
| 2020-10-30 | 4 | $0.33 | 12.64% | 2020-10-22 | 2020-11-02 | 2020-11-12 |
Dorchester Minerals's dividend yield falls in the middle range when compared to its industry peers, with Berry Corp (NASDAQ:BRY) having the highest annualized dividend yield at 14.59%.
Analyzing Dorchester Minerals Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
The company demonstrated a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $2.01 to $3.50. This signifies the company's commitment to consistently increasing shareholder dividends.
YoY Earnings Growth For Dorchester Minerals
From 2019 to 2022, Dorchester Minerals experienced a growth in earnings per share, with an increase from $1.67 to $3.30. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
In this article, we explore the recent dividend payout of Dorchester Minerals and its significance for shareholders. The company has decided to distribute a dividend of $0.68 per share today, which equates to an annualized dividend yield of 8.32%.
Dorchester Minerals's dividend yield falls in the middle range when compared to its industry peers, with Berry Corp having the highest annualized dividend yield at 14.59%.
Given that Dorchester Minerals has experienced an increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their investors.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.