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

Dynagas LNG Partners LP (NYSE:DLNG) announced a quarterly dividend on Friday, May 8th. Shareholders of record on Monday, May 18th will be paid a dividend of 0.05 per share by the shipping company on Friday, May 22nd. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Monday, May 18th.

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

Dynagas LNG Partners Price Performance

Shares of DLNG opened at $3.87 on Friday. Dynagas LNG Partners has a 1 year low of $3.40 and a 1 year high of $4.45. The company has a 50 day simple moving average of $4.05 and a two-hundred day simple moving average of $3.88. The firm has a market cap of $140.76 million, a P/E ratio of 2.82 and a beta of 0.55.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings data on Friday, March 13th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. Dynagas LNG Partners had a net margin of 39.36% and a return on equity of 14.96%. The business had revenue of $40.01 million during the quarter, compared to analyst estimates of $35.68 million.

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.