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Dorchester Minerals's Ex-Dividend Date Is Friday, Here's What You Need To Know

Benzinga Real-time News ·  Jan 24, 2023 09:48

Thursday marks the last chance for investors to receive the next dividend payout from Dorchester Minerals (NASDAQ:DMLP).

What's Happening

The company announced on Thursday that it would pay shareholders a quarterly dividend of 88.43 cents per share. On Friday, Dorchester Minerals will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 88.43 cents lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend dateâ€"in this case, Friday. Shareholders who own DMLP as of the end of Thursday's session are eligible to receive the 88.43 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on February 09, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

To read more news on Dorchester Minerals click here

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