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

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

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

Dynagas LNG Partners Trading Down 1.4%

NYSE:DLNG opened at $3.87 on Friday. Dynagas LNG Partners has a twelve month low of $3.40 and a twelve month high of $4.45. The company has a market cap of $140.76 million, a price-to-earnings ratio of 2.82 and a beta of 0.55. The stock has a fifty day simple moving average of $4.05 and a 200-day simple moving average of $3.88.

Dynagas LNG Partners (NYSE:DLNGGet Free Report) last released its earnings results on Friday, March 13th. The shipping company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.08. Dynagas LNG Partners had a return on equity of 14.96% and a net margin of 39.36%.The business had revenue of $40.01 million during the quarter, compared to the consensus estimate of $35.68 million.

About Dynagas LNG Partners

(Get Free Report)

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.

See Also

Dividend History for Dynagas LNG Partners (NYSE:DLNG)

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