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

Dynagas LNG Partners LP (NYSE:DLNG) declared a quarterly dividend on Wednesday, August 12th. Investors of record on Monday, August 24th will be paid a dividend of 0.05 per share by the shipping company on Friday, August 28th. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Monday, August 24th.

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

Dynagas LNG Partners Stock Performance

Shares of DLNG opened at $3.79 on Friday. Dynagas LNG Partners has a 1 year low of $3.27 and a 1 year high of $4.45. The company’s 50 day simple moving average is $3.62 and its 200 day simple moving average is $3.85. The company has a market capitalization of $138.00 million, a price-to-earnings ratio of 2.49 and a beta of 0.53. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.61 and a current ratio of 0.63.

Dynagas LNG Partners (NYSE:DLNG) last released its earnings results on Friday, May 29th. The shipping company reported $0.29 EPS for the quarter, hitting the consensus estimate of $0.29. The firm had revenue of $39.94 million during the quarter, compared to analysts’ expectations of $36.92 million. Dynagas LNG Partners had a net margin of 41.60% and a return on equity of 13.59%.

Dynagas LNG Partners Company Profile

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.