Musk threatens Apple with legal action over App Store bias towards OpenAI
Dorchester Minerals LP stock reached a 52-week low, touching a price of 25.83 USD. According to InvestingPro analysis, despite the price decline, the company maintains impressive fundamentals with a 94% gross profit margin and offers a substantial 9.45% dividend yield. This milestone marks a significant downturn for the company, as it has experienced a 14.41% decrease over the past year. The decline in stock value reflects broader challenges within the sector and potential investor concerns. However, InvestingPro data reveals the company’s strong financial position, with 23 consecutive years of dividend payments and a "GREAT" financial health score. The stock currently appears undervalued according to InvestingPro’s Fair Value analysis, with 8 additional ProTips available to subscribers.
In other recent news, Dorchester Minerals, L.P. held its annual meeting of limited partners, where significant decisions regarding its governance were made. The company announced the election of three managers to its Board of Managers and Advisory Committee. Allen D. Lassiter, C.W. Russell, and Sarah N. Wariner were elected to serve until the 2026 Annual Meeting. The election results showed Lassiter receiving 18,108,061 votes in favor, with 170,593 votes withheld. Russell garnered 17,242,001 votes for and 1,036,653 votes withheld, while Wariner received 18,084,209 votes for and 194,445 votes withheld. Additionally, the partnership confirmed Grant Thornton LLP as its independent registered public accounting firm for the year ending December 31, 2025. These developments were reported in a recent SEC filing.
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