Leslie A. Moriyama, the Chief Financial Officer of Dorchester Minerals, L.P. (NASDAQ:DMLP), recently acquired 3,218 common units of the company at a price of $32.60 per share. The total value of this purchase amounts to approximately $104,906. Following this transaction, Moriyama holds a total of 71,400 shares, which are owned directly, jointly with her spouse, or in her Individual Retirement Account. This acquisition reflects Moriyama's continued investment in the company, where she plays a key role in financial oversight.
InvestingPro Insights
Leslie A. Moriyama's recent acquisition of Dorchester Minerals, L.P. (NASDAQ:DMLP) shares aligns with several positive indicators highlighted by InvestingPro. The company's strong financial position is evident from InvestingPro Tips, which note that DMLP holds more cash than debt on its balance sheet and has liquid assets exceeding short-term obligations. This financial stability likely contributes to the company's ability to maintain its impressive 22-year streak of consecutive dividend payments.
Speaking of dividends, DMLP currently boasts a significant dividend yield of 12.15%, according to InvestingPro Data. This high yield, coupled with a remarkable dividend growth of 47.12% over the last twelve months, underscores the company's commitment to shareholder returns. Such robust dividend performance may have influenced Moriyama's decision to increase her stake in the company.
Furthermore, DMLP's stock has demonstrated strong performance, with a one-year price total return of 27.35% and is currently trading near its 52-week high. This positive momentum is supported by the company's solid financials, including a revenue growth of 14.26% over the last twelve months and an impressive operating income margin of 68.36%.
For investors seeking additional insights, InvestingPro offers 10 more tips for Dorchester Minerals, providing a comprehensive analysis of the company's financial health and market position.
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