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

Dynagas LNG Partners LP (NYSE:DLNG) declared a quarterly dividend on Wednesday, August 13th, RTT News reports. Stockholders of record on Monday, August 25th will be paid a dividend of 0.049 per share by the shipping company on Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 5.4%.

Dynagas LNG Partners has a payout ratio of 17.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 0.1%

Shares of DLNG stock opened at $3.61 on Thursday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 2.12. The company has a market cap of $132.59 million, a price-to-earnings ratio of 3.31 and a beta of 0.75. The stock has a 50 day simple moving average of $3.61 and a 200-day simple moving average of $3.78. Dynagas LNG Partners has a 1-year low of $3.18 and a 1-year high of $5.65.

Dynagas LNG Partners (NYSE:DLNG) last announced its earnings results on Tuesday, May 27th. The shipping company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.02. The business had revenue of $39.11 million during the quarter, compared to the consensus estimate of $36.96 million. Dynagas LNG Partners had a return on equity of 15.92% and a net margin of 33.92%. On average, equities research analysts expect that Dynagas LNG Partners will post 1.08 EPS for the current fiscal year.

About Dynagas LNG Partners

Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry in Greece and internationally. The company owns and operates liquefied natural gas (LNG) carriers. Its fleet consists of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.