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

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

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 NYSE 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 has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.64. The firm has a market cap of $138.00 million, a P/E ratio of 2.49 and a beta of 0.53. The business’s 50 day moving average is $3.62 and its 200-day moving average is $3.85.

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

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Dividend History for Dynagas LNG Partners (NYSE:DLNG)

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