DV
Dividend Vision

BSM MLP — Black Stone Minerals

Black Stone Minerals (BSM)

Updated November 6, 2026.

Verdict as of November 6, 2026 close

BSM's distribution is rated generally safe by the Dividend Vision Distribution Safety Score™ (78/100, high confidence). It pays quarterly and its distribution rate is 10.01%. The latest total cash payment per current share, $0.35 with an ex-date of November 6, 2026, was 9.4% higher than the previous $0.32. It is not yet confirmed whether this is an increase in the regular payout or a one-off difference.

Sources: Black Stone Minerals page for BSM, Section 19a-1 notices, scoring methodology.

BSM is an MLP. Its distribution rate is 10.01%, its trailing-12-month yield is 11.23%. Dividend Vision Distribution Safety Score™ is 78/100 (Generally safe). Total return is 99.2% over the past 11.5 years, 225.7 points behind SPY at 324.9%.

BSM dividend yield and income

Price as of 2026-11-06.

The distribution rate (10.01%) has no calculation basis on file. Trailing-12-month yield (11.23%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.35. The ex-dividend date is 11/06/2026. The payment date is 11/13/2026.

Recorded distribution timeline (46)
Ex-dateAmountChange from previous payment
2026-11-06$0.359.4%
Total cash (unclassified)
2026-08-06$0.326.7%
Total cash (unclassified)
2026-05-08$0.30.0%
Total cash (unclassified)
2026-02-18$0.30.0%
Total cash (unclassified)
2025-11-06$0.30.0%
Total cash (unclassified)
2025-08-07$0.3-20.0%
Total cash (unclassified)
2025-05-08$0.3750.0%
Total cash (unclassified)
2025-02-18$0.3750.0%
Total cash (unclassified)
2024-11-08$0.3750.0%
Total cash (unclassified)
2024-08-09$0.3750.0%
Total cash (unclassified)
2024-05-09$0.375-21.1%
Total cash (unclassified)
2024-02-15$0.4750.0%
Total cash (unclassified)
2023-11-08$0.4750.0%
Total cash (unclassified)
2023-08-10$0.4750.0%
Total cash (unclassified)
2023-05-11$0.4750.0%
Total cash (unclassified)
2023-02-15$0.4755.6%
Total cash (unclassified)
2022-11-09$0.457.1%
Total cash (unclassified)
2022-08-11$0.425.0%
Total cash (unclassified)
2022-05-12$0.448.1%
Total cash (unclassified)
2022-02-15$0.278.0%
Total cash (unclassified)
2021-11-10$0.25400.0%
Total cash (unclassified)
2021-08-12$0.05-71.4%
Total cash (unclassified)
2021-05-13$0.1750.0%
Total cash (unclassified)
2021-02-12$0.17516.7%
Total cash (unclassified)
2020-11-12$0.150.0%
Total cash (unclassified)
2020-08-13$0.1587.5%
Total cash (unclassified)
2020-05-13$0.08-73.3%
Total cash (unclassified)
2020-02-13$0.3-18.9%
Total cash (unclassified)
2019-11-13$0.370.0%
Total cash (unclassified)
2019-08-14$0.370.0%
Total cash (unclassified)
2019-05-15$0.370.0%
Total cash (unclassified)
2019-02-15$0.370.0%
Total cash (unclassified)
2018-11-13$0.379.6%
Total cash (unclassified)
2018-08-15$0.33758.0%
Total cash (unclassified)
2018-05-16$0.31250.0%
Total cash (unclassified)
2018-02-16$0.31250.0%
Total cash (unclassified)
2017-11-16$0.31250.0%
Total cash (unclassified)
2017-08-15$0.31258.7%
Total cash (unclassified)
2017-05-16$0.28750.0%
Total cash (unclassified)
2017-02-15$0.28750.0%
Total cash (unclassified)
2016-11-15$0.28750.0%
Total cash (unclassified)
2016-08-16$0.28759.5%
Total cash (unclassified)
2016-05-17$0.26250.0%
Total cash (unclassified)
2016-02-17$0.26250.0%
Total cash (unclassified)
2015-11-17$0.262562.5%
Total cash (unclassified)
2015-08-18$0.1615—
2015 total$0.424—
2016 total$1.1159.4%
2017 total$1.29.1%
2018 total$1.332511.0%
2019 total$1.4811.1%
2020 total$0.68-54.1%
2021 total$0.65-4.4%
2022 total$1.54136.9%
2023 total$1.923.4%
2024 total$1.6-15.8%
2025 total$1.35-15.6%
2026 YTD total$1.27-5.9% vs prior-year YTD

BSM dividend growth

Trailing-12-month distributions versus the preceding 12 months changed -5.9%. The 1Y row below uses this same adjacent TTM cash-window comparison. The deepest trailing-12-month payout decline in the past five years is -29.34%.

TTM income vs TTM N years earlier
WindowChange
1Y-5.9%
3Y-33.2%
5Y95.4%
10Y15.5%

BSM performance versus SPY

Total return is 99.2% over the past 11.5 years, 225.7 points behind SPY at 324.9%. Over the past year its total return — price change plus distributions reinvested — is 17.4%. Its deepest 1-year drawdown was 13.4%.

WindowTotal returnCAGR
1M-2.2%—
3M0.8%—
6M9.6%—
YTD15.2%—
1Y17.4%—
2Y CAGR—7.80%
3Y CAGR—1.60%
5Y CAGR—14.30%
10Y CAGR—7.40%
Since 2015-04-30 (first price on file) · 11.5 years99.2%6.20%

BSM key facts

Distribution Safety Score™
78 · Generally safe
Safety-Adjusted Yield
7.81%
Issuer
Black Stone Minerals
Asset type
MLP
Asset class
Equity
Distribution rate
10.01%
Distribution frequency
Quarterly
Trailing yield
11.23%
5-year average yield
9.51
Last close
$13.98 (as of 2026-11-06)
Market cap
$2,973,693,783
Average volume
747,273
Dividend
$0.35
Ex-dividend date
11/06/2026
Payment date
11/13/2026
Beta
0.088
Payout ratio
100.0%
P/E ratio
13.71
Forward P/E
11.99
EPS
$1.02

How Dividend Vision calculates yield and returns

Distribution rate (10.01%) has no calculation basis on file. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (11.23%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Black Stone Minerals or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BSM risks and drawbacks

Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 13.4%.

Who may consider BSM — and who may not

It is a weaker fit for investors who need monthly cash flow (BSM pays quarterly); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on BSM

Tagged: MLP, Energy, Oil.

Frequently asked questions

Does BSM pay monthly?

No. BSM currently pays quarterly, not monthly.

What is BSM's dividend yield?

BSM's distribution rate is 10.01%, paid quarterly — no calculation basis on file.

How has BSM's dividend grown?

Trailing-12-month distributions versus the preceding 12 months changed -5.9%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.

When does BSM pay a dividend?

BSM pays quarterly. The dividend amount is $0.35. The ex-dividend date is 11/06/2026. The payment date is 11/13/2026.

How has BSM performed?

Total return is 99.2% over the past 11.5 years, 225.7 points behind SPY at 324.9%. Over the past year its total return — price change plus distributions reinvested — is 17.4%. Its deepest 1-year drawdown was 13.4%.

Is BSM a good investment?

BSM's Dividend Vision Distribution Safety Score is 78 (Generally safe). That is a risk signal, not investment advice. Its distribution rate is 10.01% (no calculation basis on file). Compare peers below rather than treating any single figure as a buy or sell.

DividendVision analysis is generated from public SEC filing data and may not capture every change. Review the original filing for complete information.