2024-02-04 09:15:00 ET
Summary
- Dorchester Minerals LP is an energy trust that leases out land to energy producers in exchange for royalties.
- DMLP owns properties in 28 states and can acquire new properties to increase its reserves.
- DMLP's revenues have been affected by lower oil and natural gas prices, but it still offers a high dividend yield of 13%.
Are you familiar with Royalty Trusts? The Energy industry has a few of these entities, which lease out land that they own to energy producers, in return for receiving royalties on crude oil and natural gas. These trusts can be an attractive source of income for investors.
Dorchester Minerals, L.P. ( DMLP ) is one of the older energy trusts, founded in 1982....
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Dorchester Minerals: Royalty Trust, 13% Yield