SmarterDividends
DMLP

Dorchester Minerals, L.P.

DMLP

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

$30.58

Undervalued · +159% Add to Portfolio

Forward Yield

10.43%

Annual Dividend

$3.19

Payout Ratio

145%

5-Yr Growth

14.8%

Ex-Date

Nov 2, 2026

Frequency

Quarterly

Key facts about DMLP's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, Dorchester Minerals, L.P. (DMLP) has a forward dividend yield of 10.43%, based on an annual dividend of $3.19 per share and a share price of $30.58.
  • As of Oct 27, 2026, DMLP's dividend safety grade from SmarterDividends is D (44 out of 100), which rates the dividend as unsafe.
  • DMLP last cut its regular dividend in 2025.
  • DMLP's next ex-dividend date is Nov 2, 2026, with payment on Nov 12, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 27, 2026, DMLP pays out 145% of its trailing 12-month earnings as dividends (its payout ratio).
  • DMLP's dividend has grown at an average rate of 14.8% a year over the past five years.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for DMLP is $79.27 per share, 159% above the $30.58 share price, so DMLP screens as undervalued.
  • Dorchester Minerals, L.P. (DMLP) pays its dividend quarterly, 4 times a year.
Cite this page

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

Summary

As of Oct 27, 2026, Dorchester Minerals, L.P. (DMLP) yields 10.43% ($3.19 a year per share) and has a dividend safety grade of D (44/100).

Is DMLP a good dividend stock?

Mixed

Dorchester Minerals, L.P. (DMLP) pays a quarterly dividend yielding 10.43% ($3.19/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

  • Strong 14.8% 5-yr dividend growth
  • 72% total price return over 5 years

Risks

  • Cut its dividend in 2025
  • Elevated payout ratio (145%)
  • Very high yield can signal elevated risk
  • Below-average dividend safety score

Key Data

Dividend Yield
10.43%
Payout Ratio
145%
Annual Dividend
$3.19
5-Yr Avg Growth
14.8%
Ex-Dividend Date
Nov 2, 2026
Years of Growth
0
Frequency
quarterly
Beta
0.61
Market Cap
$1.5B
P/E Ratio
17.5
5-Yr Total Return
72%
52-Week Range
$20.85 – $30.89
Dividend Safety
D · 44/100
Ever Cut?
Yes (2025)

DMLP dividend changes

Dorchester Minerals, L.P. (DMLP) pays a variable dividend: across the 94 payments on record since 2003, 50 were higher than the one before and 26 lower. The latest change was up 68.4% to $1.27 per share, going ex-dividend on Aug 3, 2026.

Ex-dateChangeOld → newMove
Aug 3, 2026Higher$0.756 → $1.27+68.4%
Feb 2, 2026Higher$0.690 → $0.756+9.6%
Nov 3, 2025Higher$0.620 → $0.690+11.3%
Aug 4, 2025Lower$0.726 → $0.620−14.6%
May 5, 2025Lower$0.739 → $0.726−1.8%
Feb 3, 2025Lower$0.996 → $0.739−25.8%
Oct 28, 2024Higher$0.782 → $0.996+27.4%
Apr 26, 2024Lower$1.01 → $0.782−22.4%
Jan 26, 2024Higher$0.845 → $1.01+19.3%
Oct 27, 2023Higher$0.677 → $0.845+24.8%
Jul 28, 2023Lower$0.990 → $0.677−31.6%
Apr 28, 2023Higher$0.884 → $0.990+12.0%
Every DMLP payment →Download every raise and cut (CSV)
DMLP ex-dividend date & scheduleNext ex-date Nov 2, 2026 · full ex-dividend historyView →DMLP dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is DMLP a good dividend stock?

Mixed. Dorchester Minerals, L.P. (DMLP) pays a quarterly dividend yielding 10.43% ($3.19/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is DMLP undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, DMLP's fair value is about $79.27 versus a $30.58 share price — so it looks undervalued (+159% vs. fair value).

Is DMLP's dividend safe?

DMLP has a dividend-safety grade of D (44/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.

What is DMLP's fair value?

Our blended fair-value estimate for DMLP is about $79.27 per share, roughly 159% above the current $30.58 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is DMLP a buy, hold, or sell?

We don't issue formal ratings, but on the data DMLP screens as "mixed" and undervalued. Dorchester Minerals, L.P. (DMLP) pays a quarterly dividend yielding 10.43% ($3.19/yr), with 0 years of growth and a dividend-safety grade of D. 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 DMLP cut its dividend?

DMLP earns a dividend-safety grade of D (44/100), 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 DMLP pay a dividend?

Yes. Dorchester Minerals, L.P. pays a quarterly dividend of about $3.19 per share annually, a forward yield of roughly 10.43%.

What is DMLP's dividend yield?

As of Oct 27, 2026, DMLP's forward dividend yield is 10.43%, based on a $3.19 annual dividend and a $30.58 share price.

What is DMLP's dividend per share?

As of Oct 27, 2026, DMLP pays $3.19 per share per year, distributed on a quarterly basis.

What is DMLP's dividend payout ratio?

As of Oct 27, 2026, DMLP's payout ratio is 145% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has DMLP grown its dividend?

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

When is the next DMLP ex-dividend date?

As of Oct 27, 2026, the next ex-dividend date on record for DMLP is Nov 2, 2026.

DMLP Dividend News

DMLP
SpecialDMLP·Aug 24, 2026

Dorchester Minerals Declares $1.273 Special Distribution

Dorchester Minerals declared a $1.273-per-unit special quarterly distribution, up about 168% from its previous payout.

Income Calculator

At $3.19 / yr per share

Per payment (quarterly)$79.75
Annual$319.00
Monthly avg$26.58

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