Does Black Stone Minerals (BSM) Pay a Dividend? (2026)

Yes. Black Stone Minerals pays a dividend yielding roughly 8.16% as of August 2026, paid quarterly, four times a year. The most recent payment on record was $0.30 per share with an ex-dividend date of May 8, 2026. That works out to a forward annual rate of about $1.22 per share. Yields move with the share price, so verify the current figure with your broker or BSM's investor relations page before relying on it.

About 8.16% as of August 2026. On a $10,000 position that is roughly $816 of dividend income a year before tax. For context, the S&P 500 yields around 1.2%, so BSM yields meaningfully more than the broad market. A higher yield is not automatically better: it can reflect a falling share price as easily as a generous payout, so it is worth checking why the number is what it is.

Black Stone Minerals pays quarterly, four times a year. The most recent payment on record had an ex-dividend date of May 8, 2026. To receive a given payment you have to own the shares before the ex-dividend date, not on the pay date. Confirm upcoming dates on BSM's investor relations page, because boards can change both the amount and the timing.

The ex-dividend date recorded in our August 2026 data pull is August 6, 2026. The ex-dividend date is the cutoff: buy on or after it and the seller keeps that payment, not you. Buying just before the ex-date to capture the dividend does not create free money, because the share price typically drops by roughly the dividend amount when the stock goes ex. Check BSM's investor relations page for the next confirmed date.

$0.30 per share in the most recent payment (ex-date May 8, 2026), which annualizes to about $1.22 per share. The equivalent payment a year earlier was $0.38. That is a change of -20.0% year over year.

Not in the last year. The latest payment of $0.30 per share is below the $0.38 paid a year earlier. A flat dividend is not necessarily a warning sign, but it does mean the income is losing ground to inflation.

Black Stone Minerals paid out about 100% of reported net income as dividends, which means the dividend was larger than accounting earnings over the period. That sounds alarming and sometimes is, but it is normal and expected for REITs, BDCs, and companies carrying large non-cash charges such as amortization, because those businesses are judged on cash measures (FFO, AFFO, or distributable net investment income) rather than GAAP net income. The useful check for BSM is whether the cash-flow measure covers the payout, not the earnings-based ratio. Nobody can guarantee a dividend: boards cut them, and a high yield is sometimes the market pricing in exactly that. Walnut is not an investment adviser and this is not a recommendation.

At a yield of about 8.16%, roughly $816 a year before tax, spread across 4 payments. That is a snapshot, not a promise: the amount changes when the company changes its payout, and your yield on cost is fixed at the price you paid, not at today's price.

Dividends from US common stock are usually qualified, meaning they are taxed at the lower long-term capital-gains rates, provided you held the shares for more than 60 days in the 121-day window around the ex-dividend date. Distributions from REITs, BDCs, and some pass-through structures are generally taxed as ordinary income instead. In an IRA or Roth the question does not arise. See our guide to how dividends are taxed. This is not tax advice.

Most brokers offer automatic reinvestment (a DRIP) that puts each BSM payment straight back into more shares, often fractional ones. Reinvesting compounds the position and is the standard choice when you do not need the cash yet. Taking the cash makes sense when you are spending the income or want to direct it elsewhere. Either way the dividend is taxable in a taxable account in the year it is paid, even if you never see the money.

Technically no, because Black Stone is a limited partnership rather than a corporation: it pays quarterly distributions instead of dividends. The recent rate has been $0.30 per unit per quarter, and total distributions were $1.28 per common unit for full year 2025, a yield recently around 8 to 9 percent. Because it is a partnership, you receive a Schedule K-1 tax form rather than a 1099.

The distribution is not guaranteed and depends on commodity prices and production. Recent coverage has been supportive: distributable cash flow covered the payout at 1.05x in Q4 2025 and 1.20x in Q1 2026, meaning cash flow exceeded the distribution. However, the quarterly rate was reduced from $0.375 to $0.30 during 2025, a reminder that the partnership adjusts the payout when conditions warrant. A sustained drop in natural gas prices would pressure it again.