Trailing Dividend / Share
$1.35
Black Stone Minerals, L.P. (BSM) Dividend History
Income profile from 2015 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
10.0%
Payout Ratio
95.2%
At Risk
Dividend Streak
0 years
BSM Dividend Income Check
Safety
95.2% payout ratio with at risk safety profile.
Consistency
0 straight years of dividend increases.
Income Trend
Yield on cost is 18.6% and trend is rising.
BSM Dividend Scorecard
Yield & Income
Dividend Yield10.0%
Trailing DPS$1.35
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout95.2%
Earnings SafetyAt Risk
FCF Payout178.1%
FCF SafetyStretched
Piotroski F-Score5/9
Growth
Growth Streak0 years
3Y CAGR-4.3%
5Y CAGR14.7%
Yield on Cost (5Y)18.6%
YOC Trendrising
Total Returns
Buyback Yield0.1%
Total Shareholder Yield10.1%
1Y Total Return11.7%
5Y Total Return97.1%
Div Contribution (5Y)70.2%
Estimated $10K growth (return + dividends):
5Y ago$20,79710Y ago$18,16620Y ago$14,851
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). BSM's recent 5Y regime has been stronger than its full 10Y period, so 5Y can appear higher than 10Y.
BSM Income Growth Story
Dividend per share and yield on cost over time (12 years of payments)
BSM Dividend Safety Story
EPS is the container — dividend is what's drawn out
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Dividend Analysis
Payout Safety
Black Stone Minerals, L.P. distributes 95.2% of earnings as dividends (At Risk). When measured against free cash flow—a stricter test—the payout ratio stands at 178.1%, rated "Stretched".
Piotroski F-Score: 5/9 — moderate financial health.
Growth Track Record
BSM does not have a current streak of consecutive dividend increases, with a 3-year CAGR of -4.3% and 5-year CAGR of 14.7%.
Total Shareholder Returns
Beyond cash dividends, BSM returns capital through share repurchases. The combined picture: 10.0% dividend yield, 0.1% buyback yield, 10.1% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 18.6% and is currently rising. The 5-year total return is 97.1%, with dividends contributing 70.2% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $18,166 today.
Elevated payout ratio — dividend sustainability should be monitored closely.
BSM Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$7.49
Avg/Payment$0.3745
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| May 8, 2026Latest | $0.3000 | — | 9.02% | May 15, 2026 |
| Feb 18, 2026 | $0.3000 | — | 8.59% | Feb 25, 2026 |
| Nov 6, 2025 | $0.3000 | — | 10.27% | Nov 13, 2025 |
| Aug 7, 2025 | $0.3000 | ↓ -20.0% | 11.63% | Aug 14, 2025 |
| May 8, 2025 | $0.3750 | — | 11.07% | May 15, 2025 |
| Feb 18, 2025 | $0.3750 | — | 10.02% | Feb 25, 2025 |
| Nov 8, 2024 | $0.3750 | — | 10.67% | Nov 15, 2024 |
| Aug 9, 2024 | $0.3750 | — | 11.93% | Aug 16, 2024 |
BSM Dividend vs Peers
Comparable companies in the same industry
#2 yield in peer group
Div Yield
10.0%
#2 of 9
Safety
At Risk
95.2% payout
Streak
0Y
14.7% 5Y CAGR
Total Shareholder
10.1%
#2 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
2nd BSMBlack Stone Minerals… | $2.9B | 10.0% | 95.2% | 0 | At Risk |
3rd  VNOMViper Energy, Inc. | $14.5B | 5.7% | — | 2 | Unknown |
 TPLTexas Pacific Land C… | $27.8B | 0.5% | 30.7% | 4 | Sustainable |
1st  DMLPDorchester Minerals,… | $1.2B | 10.9% | 2.3% | 0 | Sustainable |
 NRPNatural Resource Par… | $1.3B | 4.3% | 42.2% | 0 | Sustainable |
 CTRACoterra Energy Inc. | $24.7B | 2.8% | 39.7% | 2 | Sustainable |
 EOGEOG Resources, Inc. | $68.9B | 3.1% | 43.4% | 8 | Sustainable |
 DVNDevon Energy Corpora… | $25.1B | 2.4% | 23.4% | 1 | Sustainable |
 COPConocoPhillips | $126.2B | 3.1% | 50.0% | 9 | Sustainable |
BSM Annual Dividend History (2012–2026)
15 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.60 | — | 2 | — | — | — | 8.3% |
| 2025 | $1.35 | -15.6% | 4 | $1.28 | 105.5% | 0.95x | 18.6% |
| 2024 | $1.60 | -15.8% | 4 | $1.15 | 139.1% | 0.72x | 22.1% |
| 2023 | $1.90 | 23.4% | 4 | $1.88 | 101.1% | 0.99x | 26.2% |
| 2022 | $1.54 | 81.2% | 4 | $2.12 | 72.6% | 1.38x | 21.2% |
| 2021 | $0.85 | 25.0% | 4 | $0.77 | 110.4% | 0.91x | 11.7% |
| 2020 | $0.68 | -54.1% | 4 | $0.49 | 138.8% | 0.72x | 9.4% |
| 2019 | $1.48 | 11.1% | 4 | $1.01 | 146.5% | 0.68x | 20.4% |
| 2018 | $1.33 | 11.0% | 4 | $1.36 | 98.0% | 1.02x | 18.4% |
| 2017 | $1.20 | 9.1% | 4 | $1.01 | 118.8% | 0.84x | 16.6% |
Consensus-Based Analysis Tools
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
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Historical Returns
11+ years return with dividends reinvested.
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DCA Calculator
See how regular investing compounds over time.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
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BSM — Frequently Asked Questions
Quick answers to the most common questions about buying BSM stock.
How much dividend does BSM pay per share?
Black Stone Minerals, L.P. (BSM) pays a trailing 12-month dividend of $1.35 per share, with a current dividend yield of +10.0%. Payments are made Semi-Annual.
When is BSM's next ex-dividend date?
BSM's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. BSM typically pays dividends Semi-Annual.
Is BSM's dividend safe?
BSM's dividend safety is rated "At Risk" based on an earnings payout ratio of +95.2% and FCF payout ratio of +178.1%. The dividend history does not yet show a prolonged growth streak.
How many years has BSM increased its dividend?
BSM has not maintained a consecutive growth streak recently. The 5-year dividend CAGR is +14.7%.
How often does BSM pay dividends?
Black Stone Minerals, L.P. pays dividends Semi-Annual. The trailing 12-month total is $1.35 per share. Dividend data on this page covers 11+ years from 2015 to 2026.
How much would $10,000 invested in BSM grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in BSM five years ago would be worth approximately $20,797 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is BSM's yield on cost for long-term holders?
BSM's yield on cost — the current dividend divided by the original purchase price — is +18.6% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +10.0% market yield, thanks to consistent dividend growth.