Tag - Dmlp

Lufkin Industries Inc. (Nasdaq:LUFK), NOVA Chemicals Corp. (Nasdaq:NCX) and G-III Apparel Group Ltd. (Nasdaq:GIII) are among the new 52-week lows in Tuesday's trading among companies with market capitalizations under $1 billion.

Looking for a way to replenish the cash drained every time you fill up at the pump? Look no further than Dorchester Minerals LP (Nasdaq:DMLP), an oil and gas company that literally pays dividends right now.

Dorchester isn’t just a bet on a promising shale formation that will require millions of dollars to produce gas at some point in the future. This limited partnership holds leases in 573 counties in 25 states, and many of these are currently producing oil and gas that generate royalties and profits for holders of its limited partner common units.

This profit flows right into their pockets every quarter — without a tax bite. The ticker symbol features the “LP” for a reason — as a limited partnership, Dorchester can distribute profit directly to limited partners without paying any corporate income tax. Rather than facing double taxation, an investor in Dorchester just pays income tax on those dividends.

In fiscal year 2007, Dorchester collected $65.3 million in revenue and distributed a whopping $57 million to its limited partners.

On top of that, the price of the common units has tracked the recent gains in oil and gas prices, doubling in value from its 52-week low of $18.50 last August to its 52-week high of $36.49 last month.

The kicker is that Dorchester also has interests in a promising shale formation: the Fayetteville Shale in the eastern end of the Arkoma Basin in Arkansas. This . . .