Dynagas LNG Partners LP Announces Quarterly Dividend of $0.05 (NYSE:DLNG)

Dynagas LNG Partners LP (NYSE:DLNG) declared a quarterly dividend on Wednesday, February 11th. Investors of record on Monday, February 23rd will be paid a dividend of 0.05 per share by the shipping company on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Monday, February 23rd.

Dynagas LNG Partners has decreased its dividend payment by an average of 0.2%per year over the last three years. Dynagas LNG Partners has a dividend payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Dynagas LNG Partners to earn $1.11 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 18.0%.

Dynagas LNG Partners Stock Up 0.8%

Dynagas LNG Partners stock opened at $3.81 on Thursday. The company’s 50-day moving average price is $3.83 and its two-hundred day moving average price is $3.70. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.74. The stock has a market cap of $140.21 million, a P/E ratio of 2.98 and a beta of 0.74. Dynagas LNG Partners has a twelve month low of $3.18 and a twelve month high of $4.40.

Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings data on Thursday, November 20th. The shipping company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. The company had revenue of $37.04 million during the quarter, compared to analysts’ expectations of $37.78 million. Dynagas LNG Partners had a return on equity of 15.62% and a net margin of 37.92%. As a group, analysts expect that Dynagas LNG Partners will post 1.08 EPS for the current year.

About Dynagas LNG Partners

Dynagas LNG Partners LP is a publicly traded limited partnership focused on the ownership and operation of liquefied natural gas (LNG) carriers. The partnership provides seaborne transportation services under long-term, fixed-rate charters, catering primarily to major energy companies and utility providers. Its vessels are designed to carry LNG at cryogenic temperatures, enabling large-scale cargo movements between exporting and importing regions worldwide.

The fleet comprises modern membrane-type LNG carriers built to high engineering and environmental standards.