Dynagas LNG Partners LP (NYSE:DLNG) Shares Set to Pay Quarterly Dividend of $0.05

Dynagas LNG Partners LP (NYSE:DLNG) declared a quarterly dividend on Tuesday, November 3rd. Investors of record on Friday, November 13th will be given a dividend of $0.05 per share by the shipping company on Friday, November 20th. This represents a $0.20 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Friday, November 13th.

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

Dynagas LNG Partners Price Performance

DLNG stock opened at $3.21 on Wednesday. The stock has a market cap of $116.73 million, a price-to-earnings ratio of 1.91 and a beta of 0.58. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.88 and a quick ratio of 0.86. The company has a 50 day simple moving average of $3.61 and a 200 day simple moving average of $3.79. Dynagas LNG Partners has a 1 year low of $3.14 and a 1 year high of $4.45.

Dynagas LNG Partners (NYSE:DLNG) last issued its earnings results on Tuesday, September 8th. The shipping company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.11. Dynagas LNG Partners had a net margin of 42.33% and a return on equity of 13.05%. The firm had revenue of $41.19 million for the quarter, compared to analyst estimates of $36.31 million.

Dynagas LNG Partners Company Profile

Dynagas LNG Partners LP (NYSE: DLNG) is a maritime transportation company focused on the ownership and operation of liquefied natural gas (LNG) carriers. The partnership provides seaborne LNG transportation services to energy companies, utilities and other commercial customers under primarily long-term charter arrangements.

The company’s fleet has included conventional and ice-class LNG carriers designed to transport LNG safely and efficiently between production regions, receiving terminals and other destinations.