Dynagas LNG Partners LP (DLNG) To Go Ex-Dividend on May 19th

Dynagas LNG Partners LP (NYSE:DLNG) declared a quarterly dividend on Friday, May 9th, Wall Street Journal reports. Stockholders of record on Monday, May 19th will be given a dividend of 0.049 per share by the shipping company on Friday, May 23rd. This represents a $0.20 annualized dividend and a dividend yield of 5.27%. The ex-dividend date is Monday, May 19th.

Dynagas LNG Partners has a payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of NYSE DLNG opened at $3.72 on Friday. The firm’s 50-day simple moving average is $3.65 and its 200 day simple moving average is $4.26. The stock has a market cap of $136.83 million, a P/E ratio of 3.88 and a beta of 0.77. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95. Dynagas LNG Partners has a fifty-two week low of $3.18 and a fifty-two week high of $5.65.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings results on Thursday, March 6th. The shipping company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.04. Dynagas LNG Partners had a net margin of 31.63% and a return on equity of 14.73%. The company had revenue of $41.66 million for the quarter, compared to the consensus estimate of $38.34 million. Equities analysts expect that Dynagas LNG Partners will post 1.08 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Dynagas LNG Partners from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 20th.

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.