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

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 given a dividend of 0.049 per share by the shipping company on Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Monday, August 25th.

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

Dynagas LNG Partners stock opened at $3.64 on Friday. The company has a market capitalization of $133.88 million, a P/E ratio of 3.34 and a beta of 0.75. The firm’s fifty day simple moving average is $3.60 and its 200-day simple moving average is $3.72. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 0.85. 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 released its quarterly earnings results on Tuesday, May 27th. The shipping company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. The business had revenue of $39.11 million for the quarter, compared to the consensus estimate of $36.96 million. Dynagas LNG Partners had a net margin of 33.92% and a return on equity of 15.92%. Sell-side analysts forecast that Dynagas LNG Partners will post 1.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Dynagas LNG Partners from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 20th.

Dynagas LNG Partners Company Profile

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.