Dorchester Minerals, L.P.
DMLPEnergy · Stock · quarterly payer
Forward Yield
10.91%
Annual Dividend
$3.19
Payout Ratio
145%
5-Yr Growth
14.8%
Ex-Date
Aug 3, 2026
Frequency
Quarterly
Summary
As of September 2026, Dorchester Minerals, L.P. (DMLP) yields 10.91% ($3.19 per share annually), with a blended fair-value estimate of $61.76 — +116% upside, so it screens as undervalued. Dividend safety grade: D (44/100).
Is DMLP a good dividend stock?
MixedDorchester Minerals, L.P. (DMLP) pays a quarterly dividend yielding 10.91% ($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
- 49% 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
- 10.91%
- Payout Ratio
- 145%
- Annual Dividend
- $3.19
- 5-Yr Avg Growth
- 14.8%
- Ex-Dividend Date
- Aug 3, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.52
- Market Cap
- $1.4B
- P/E Ratio
- 16.7
- 5-Yr Total Return
- 49%
- 52-Week Range
- $20.85 – $29.26
- Dividend Safety
- D · 44/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
DMLP Price — Last 12 Months
Daily close
Price Return
1 Year
+11%
3 Years
-1%
5 Years
+49%
52-Week Range
$20.85 – $29.26
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is DMLP worth?
Undervaluedlow confidenceOur blended fair-value estimate for Dorchester Minerals, L.P. is $61.76 per share, versus a market price of $28.65. That implies 116% of upside — a margin of safety of about 54%.
Fair Value
$61.76
Current Price
$28.65
Upside
+116%
Margin of Safety
54%
How we get there
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 15.6% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 15.6% stage-1 growth, 2.5% terminal growth, $1.75 EPS, $3.19 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
DMLP Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 3, 2026 | — | $1.2730 | regular |
| May 4, 2026 | — | $0.4750 | regular |
| Feb 2, 2026 | — | $0.7560 | regular |
| Nov 3, 2025 | — | $0.6900 | regular |
| Aug 4, 2025 | — | $0.6200 | regular |
| May 5, 2025 | — | $0.7260 | regular |
| Feb 3, 2025 | — | $0.7390 | regular |
| Oct 28, 2024 | — | $0.9960 | regular |
| Jul 29, 2024 | — | $0.7020 | regular |
| Apr 26, 2024 | — | $0.7820 | regular |
| Jan 26, 2024 | — | $1.0080 | regular |
| Oct 27, 2023 | — | $0.8450 | regular |
| Jul 28, 2023 | — | $0.6770 | regular |
| Apr 28, 2023 | — | $0.9900 | regular |
Income Calculator
At $3.19 / yr per share
