Black Stone Minerals, L.P. (BSM) to Distribute Quarterly Dividend of $0.35 on November 13th

Black Stone Minerals, L.P. (NYSE:BSM) declared a quarterly dividend on Wednesday, October 21st. Stockholders of record on Friday, November 6th will be paid a dividend of $0.35 per share by the oil and gas producer on Friday, November 13th. This represents a $1.40 annualized dividend and a dividend yield of 9.4%. The ex-dividend date of this dividend is Friday, November 6th. This is a 9.4% increase from Black Stone Minerals’s previous quarterly dividend of $0.32.

Black Stone Minerals has raised its dividend by an average of 0.1% per year over the last three years. Black Stone Minerals has a payout ratio of 90.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Black Stone Minerals to earn $0.99 per share next year, which means the company may not be able to cover its $1.40 annual dividend with an expected future payout ratio of 141.4%.

Black Stone Minerals Price Performance

Shares of BSM opened at $14.83 on Wednesday. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 14.54 and a beta of 0.14. The stock has a 50 day moving average of $14.77 and a 200-day moving average of $14.50. The company has a current ratio of 3.76, a quick ratio of 3.76 and a debt-to-equity ratio of 0.24. Black Stone Minerals has a 52 week low of $12.93 and a 52 week high of $15.49.

Black Stone Minerals (NYSE:BSM) last released its quarterly earnings data on Monday, November 2nd. The oil and gas producer reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). Black Stone Minerals had a net margin of 57.23% and a return on equity of 36.85%. The company had revenue of $99.73 million for the quarter, compared to analyst estimates of $116.41 million. As a group, analysts forecast that Black Stone Minerals will post 0.70 EPS for the current year.

Black Stone Minerals Company Profile

Black Stone Minerals, L.P. (NYSE: BSM) is a publicly traded master limited partnership that owns mineral and royalty interests in oil and natural gas properties across the United States. The company’s interests entitle it to receive a portion of production or revenue from properties operated and developed by exploration and production companies, generally without bearing the same level of operating costs as working-interest owners.

Black Stone’s portfolio includes mineral, royalty, overriding royalty and working interests in several major U.S.