Dorchester Minerals, L.P. Announces Its First Quarter Distribution
April 20, 2017 - 12:49pm
DALLAS, April 20, 2017 (GLOBE NEWSWIRE) -- Dorchester Minerals, L.P. (NASDAQ:DMLP) announced today the Partnership's first quarter 2017 cash distribution. The distribution of $0.306700 per common unit represents activity for the three-month period ended March 31, 2017 and is payable on May 11, 2017 to common unitholders of record as of May 1, 2017.
Cash receipts attributable to the Partnership's Royalty Properties during the first quarter totaled approximately $10.2 million. These receipts generally reflect oil sales during December 2016 through February 2017 and gas sales during November 2016 through January 2017. Cash receipts attributable to the Partnership's Net Profits Interests during the first quarter totaled approximately $0.8 million. These receipts reflect oil and gas sales from the properties underlying the Net Profits Interests generally during November 2016 through January 2017.
Cash receipts attributable ...Full story available on Benzinga.com
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