Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
Owners of Dorchester Minerals L.P (NASDAQ: DMLP) shares as of market close today will be eligible for a dividend of 45 cents per share. At a price of $23.28 as of 4:00 p.m. ET, the dividend yield is 7.7%. The average volume for Dorchester Minerals L.P has been 57,300 shares per day over the past 30 days. Dorchester Minerals L.P has a market cap of $715.0 million and is part of the financial services industry. Shares are up 14.7% year to date as of the close of trading on Monday. EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys dividend stocks that have the potential for a 3% to 4% yield and 10% growth. Get his best picks for less than $50/year. Dorchester Minerals, L.P. engages in the acquisition, ownership, and administration of producing and nonproducing natural gas and crude oil royalty, net profits, and leasehold interests in 574 counties and 25 states. The company has a P/E ratio of 19.43. TheStreet Ratings rates Dorchester Minerals L.P as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Dorchester Minerals L.P Ratings Report now.