my surrogate for owning oil producing land in america, is to own shares in DMLP. As a partnership you own direct shares of the land that produce oil and pays wonderful royalties
Wow, my app claims it has a 13% yield and the share price is up 200% since the 2020. Good find!
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yes it will also pay a special dividend as well if profits exceed their estimates but you get K1 statements since it passes all earnings onto partners
it is a true "stock holder owned business" but that could impact your taxes
That's an important detail, thanks.
