Dividend Track Records

Black Stone Minerals (BSM) will cut its quarterly dividend by 20% to 30 cents per common unit.

The Board of Directors of the general partner has approved a cash distribution for common units attributable to the third quarter of 2022 of $0.45 per unit. This is the fourth consecutive quarterly increase. The $0.45 per unit represents an increase of 7% over the common distribution paid with respect to the prior quarter and an increase of 80% over the common distribution paid with respect to the third quarter of 2021. Distributions will be payable on November 17, 2022 to unitholders of record on November 10, 2022.

Black Stone Minerals LP (BSM) will this time increase its distribution by 87.5 percent to 15 cents per share in Q3 of 2020 following a double cut earlier this year. The company cut its quarterly distribution by 73.3 percent to $0.08 per unit in the second quarter of 2020. Earlier this year the owner of oil and natural gas mineral interests in the United States had already cut its distribution by 18.9 percent. The next distribution will be payable on August 21, 2020 to unitholders of record on August 14, 2020. A new annual distribution rate of 60 cents per unit yields 8.7% at a price of $6.91. Black Stone Minerals, L.P. is an owner of oil and natural gas mineral interests in the United States. The Partnership owns mineral interests and royalty interests in 41 states and 64 onshore basins in the continental United States. The Partnership also owns and selectively participates as a nonoperating working interest partner in established development programs, primarily on its mineral and ...

Black Stone Minerals LP (BSM) will cut its quarterly distribution by another 73.3 percent to $0.08 per unit in the second quarter of 2020. Earlier this year the owner of oil and natural gas mineral interests in the United States had already cut its distribution by 18.9 percent. The next distribution will be payable on May 21, 2020 to unitholders of record on May 14, 2020. A new annual distribution rate of 32 cents per unit yields 5.5% at a price of $5.79. In its press release BSM statest that the reduction in distributions is a result of the Board’s decision to increase the amount of retained free cash flow for debt reduction and balance sheet protection during this period of unprecedented challenges for the industry and the country. Thomas L. Carter, Jr., Black Stone Minerals’ Chairman and Chief Executive Officer, commented: "We have always been conservative in managing our balance sheet, which is reflected in our low leverage in comparison to industry norms, and that’s esp...

Black Stone Minerals LP (BSM) will cut its quarterly distribution by 18.9 percent to $0.30 per unit in the 1st quarter of 2020. Previously the owner of oil and natural gas mineral interests in the United States had raised its annual dividend 4 consecutive years, with the last increase dating back to 2018. The next distribution is payable on February 24, 2020 to unitholders of record on February 17, 2020. The new annualized distribution of $1.20 per unit yields 12.2% at a price of $9.84 for BSM. In the company's press release Thomas L. Carter, Jr., Black Stone Minerals’ Chief Executive Officer and Chairman, commented, "We are taking a proactive approach to strengthen our balance sheet and enhance our financial flexibility with the expectation that 2020 may be a challenging year in terms of commodity prices and overall drilling activity. Given the current environment, the Board believes that reducing the distribution benefits unitholders by providing additional cash flow for...