SmarterDividends
BSM

Black Stone Minerals, L.P.

BSM

Energy · Oil & Gas E&P · Stock · quarterly payer

$14.90

Undervalued · +43% Add to Portfolio

Forward Yield

8.19%

Annual Dividend

$1.22

Payout Ratio

100%

5-Yr Growth

21.7%

Ex-Date

Nov 6, 2026

Frequency

Quarterly

Key facts about BSM's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, Black Stone Minerals, L.P. (BSM) has a forward dividend yield of 8.19%, based on an annual dividend of $1.22 per share and a share price of $14.90.
  • As of Oct 27, 2026, BSM's dividend safety grade from SmarterDividends is C (50 out of 100), which rates the dividend as borderline.
  • BSM last cut its regular dividend in 2025.
  • BSM's next ex-dividend date is Nov 6, 2026, with payment on Nov 13, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 27, 2026, BSM pays out 100% of its trailing 12-month earnings as dividends (its payout ratio).
  • BSM's dividend has grown at an average rate of 21.7% a year over the past five years.
  • As of Oct 27, 2026, BSM's 8.19% yield is 18% below its five-year average yield of 10.00%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for BSM is $21.28 per share, 43% above the $14.90 share price, so BSM screens as undervalued.
  • Black Stone Minerals, L.P. (BSM) pays its dividend quarterly, 4 times a year.
  • Black Stone Minerals, L.P. (BSM) has raised its regular dividend 14 times and cut it 4 times across the 45 payments on record since 2015. Its most recent change was a 6.7% increase to $0.320 per share, going ex-dividend on Aug 6, 2026. The last cut went ex-dividend on Aug 7, 2025.
  • Black Stone Minerals, L.P (BSM) has declared its first higher dividend of the year in February in 3 of the last 5 years; its most recent raise, 6.7%, was declared on Jul 22, 2026.
Cite this page

SmarterDividends, "BSM Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/BSM

Summary

As of Oct 27, 2026, Black Stone Minerals, L.P. (BSM) yields 8.19% ($1.22 a year per share) and has a dividend safety grade of C (50/100).

Is BSM a good dividend stock?

Mixed

Black Stone Minerals, L.P. (BSM) pays a quarterly dividend yielding 8.19% ($1.22/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

  • Strong 21.7% 5-yr dividend growth

Risks

  • Cut its dividend in 2025
  • Elevated payout ratio (100%)
  • Very high yield can signal elevated risk

Key Data

Dividend Yield
8.19%
Payout Ratio
100%
Annual Dividend
$1.22
5-Yr Avg Growth
21.7%
Ex-Dividend Date
Nov 6, 2026
Years of Growth
0
Frequency
quarterly
Beta
0.12
Market Cap
$3.2B
P/E Ratio
12.4
5-Yr Total Return
34%
52-Week Range
$12.93 – $15.49
Dividend Safety
C · 50/100
Ever Cut?
Yes (2025)

BSM dividend raises and cuts

Black Stone Minerals, L.P. (BSM) has raised its regular dividend 14 times and cut it 4 times across the 45 payments on record since 2015. Its most recent change was a 6.7% increase to $0.320 per share, going ex-dividend on Aug 6, 2026. The last cut went ex-dividend on Aug 7, 2025.

Ex-dateChangeOld → newMove
Aug 6, 2026Raise$0.300 → $0.320+6.7%
Aug 7, 2025Cut$0.375 → $0.300−20.0%
May 9, 2024Cut$0.475 → $0.375−21.1%
Feb 15, 2023Raise$0.450 → $0.475+5.6%
Nov 9, 2022Raise$0.420 → $0.450+7.1%
Aug 11, 2022Raise$0.400 → $0.420+5.0%
May 12, 2022Raise$0.270 → $0.400+48.1%
Feb 15, 2022Raise$0.250 → $0.270+8.0%
Aug 12, 2021Raise$0.175 → $0.250+42.9%
Feb 12, 2021Raise$0.150 → $0.175+16.7%
Aug 13, 2020Raise$0.0800 → $0.150+87.5%
May 13, 2020Cut$0.300 → $0.0800−73.3%
Show all 18 changes since 2015
Ex-dateChangeOld → newMove
Feb 13, 2020Cut$0.370 → $0.300−18.9%
Nov 13, 2018Raise$0.338 → $0.370+9.5%
Aug 15, 2018Raise$0.313 → $0.338+8.0%
Aug 15, 2017Raise$0.288 → $0.313+8.7%
Aug 16, 2016Raise$0.263 → $0.288+9.5%
Nov 17, 2015Raise$0.162 → $0.263+62.3%
Every BSM payment →Download every raise and cut (CSV)
BSM ex-dividend date & scheduleNext ex-date Nov 6, 2026 · full ex-dividend historyView →BSM dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is BSM a good dividend stock?

Mixed. Black Stone Minerals, L.P. (BSM) pays a quarterly dividend yielding 8.19% ($1.22/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is BSM undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, BSM's fair value is about $21.28 versus a $14.90 share price — so it looks undervalued (+43% vs. fair value).

Is BSM's dividend safe?

BSM has a dividend-safety grade of C (50/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.

What is BSM's fair value?

Our blended fair-value estimate for BSM is about $21.28 per share, roughly 43% above the current $14.90 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is BSM a buy, hold, or sell?

We don't issue formal ratings, but on the data BSM screens as "mixed" and undervalued. Black Stone Minerals, L.P. (BSM) pays a quarterly dividend yielding 8.19% ($1.22/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Will BSM cut its dividend?

BSM earns a dividend-safety grade of C (50/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does BSM pay a dividend?

Yes. Black Stone Minerals, L.P. pays a quarterly dividend of about $1.22 per share annually, a forward yield of roughly 8.19%.

What is BSM's dividend yield?

As of Oct 27, 2026, BSM's forward dividend yield is 8.19%, based on a $1.22 annual dividend and a $14.90 share price.

What is BSM's dividend per share?

As of Oct 27, 2026, BSM pays $1.22 per share per year, distributed on a quarterly basis.

What is BSM's dividend payout ratio?

As of Oct 27, 2026, BSM's payout ratio is 100% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has BSM grown its dividend?

BSM does not currently have a long dividend-growth streak on record.

When is the next BSM ex-dividend date?

As of Oct 27, 2026, the next ex-dividend date on record for BSM is Nov 6, 2026.

BSM Dividend News

BSM
IncreaseBSM·Aug 26, 2026

Black Stone Minerals Raises Quarterly Distribution to $0.32

Black Stone Minerals increased its quarterly distribution by 6.67%, offering a forward annual yield of 8.11% based on the supplied market data.

Income Calculator

At $1.22 / yr per share

Per payment (quarterly)$30.50
Annual$122.00
Monthly avg$10.17

Similar Dividend Stocks

XOMXOMExxonMobil Holdings Corporation2.23%24 yrCVXCVXChevron Corporation3.07%38 yrPCCYFPCCYFPetroChina Company Limited6.08%EnergySHELSHELShell plc2.92%Energy

Compare BSM

BSM vs XOMBSM vs CVXBSM vs PCCYFBSM vs SHEL

Explore more

Lists and tools related to BSM