Dividend Buzzer: Black Stone Minerals, L.P. (NYSE:BSM) dividends of $0.29 are projected for the near future; this is why.

Dividend Buzzer: Black Stone Minerals, L.P. (NYSE:BSM) dividends of $0.29 are projected for the near future; this is why.

Black Stone Minerals, L.P. (NYSE:BSM) is expected to pay $0.29 on Nov 25, 2016. The indicated annual dividend is $1.15. Shareholders owning the stock before Nov 15, 2016 will be eligible to receive the payout. Based on Black Stone Minerals, L.P.’s current price of $17.56, the dividend is 1.63%. This dividend’s record date is Nov 17, 2016 and the announcement date is Nov 8, 2016. The stock decreased 1.24% or $0.22 on November 11, hitting $17.56. Black Stone Minerals LP (NYSE:BSM) has risen 18.49% since April 12, 2016 and is uptrending. It has outperformed by 13.51% the S&P500.

Black Stone Minerals, L.P. is an owner of oil and natural gas mineral interests in the United States. The company has a market cap of $3.31 billion. The Company’s principal business is managing its existing portfolio of mineral and royalty assets to maximize its value and expanding its asset base through acquisitions of additional mineral and royalty interests. It currently has negative earnings. It owns mineral interests in approximately 14.6 million acres, with an average of over 47.8% ownership interest in that acreage.

Black Stone Minerals LP (NYSE:BSM) Ratings Coverage

Out of 6 analysts covering Black Stone Minerals (NYSE:BSM), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Black Stone Minerals has been the topic of 7 analyst reports since August 14, 2015 according to StockzIntelligence Inc. FBR Capital initiated it with “Outperform” rating and $17 target price in Wednesday, March 23 report. The stock of Black Stone Minerals LP (NYSE:BSM) earned “Overweight” rating by Simmons & Co on Friday, September 25. Stifel Nicolaus maintained Black Stone Minerals LP (NYSE:BSM) on Wednesday, November 9 with “Buy” rating. The stock has “Overweight” rating given by Barclays Capital on Tuesday, August 16. The firm has “Overweight” rating by Barclays Capital given on Wednesday, September 30.

More notable recent Black Stone Minerals LP (NYSE:BSM) news were published by: Businesswire.com which released: “Black Stone Minerals, L.P. Reports Third Quarter 2016 Results and Announces …” on November 07, 2016, also Marketwatch.com with their article: “Black Stone Minerals LP” published on September 20, 2011, Businesswire.com published: “Black Stone Minerals, L.P. Announces Retirement of CFO” on October 10, 2016. More interesting news about Black Stone Minerals LP (NYSE:BSM) were released by: Nasdaq.com and their article: “Ex-Dividend Reminder: Grace, Carlisle Companies and Black Stone Minerals” published on November 11, 2016 as well as Businesswire.com‘s news article titled: “Black Stone Minerals, L.P. Schedules Third Quarter 2016 Earnings Conference …” with publication date: October 13, 2016.

BSM Company Profile

Black Stone Minerals, L.P., incorporated on October 16, 2014, is an owner of oil and natural gas mineral interests in the United States. The Company’s principal business is actively managing its existing portfolio of mineral and royalty assets to maximize its value and expanding its asset base through acquisitions of additional mineral and royalty interests. It owns mineral interests in approximately 14.6 million acres, with an average of over 47.8% ownership interest in that acreage. It also owns nonparticipating royalty interests in approximately 1.3 million acres and overriding royalty interests in over 1.4 million acres. These non-cost-bearing interests, which it refers to collectively as its mineral and royalty interests, include ownership in over 45,000 producing wells. The Company’s mineral and royalty interests are located in over 41 states and in approximately 60 onshore basins in the continental United States. Many of these interests are in active resource plays, including the Bakken/Three Forks, Eagle Ford Shale, Wolfcamp, Haynesville/Bossier, and Fayetteville Shale plays, as well as emerging plays, such as the Lower Wilcox and Canyon Lime plays.

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