Dynagas LNG Partners LP (NYSE:DLNG – Get Free Report) declared a quarterly dividend on Tuesday, November 3rd. Stockholders of record on Friday, November 13th will be paid 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 dividend yield of 6.4%. The ex-dividend date of this dividend is Friday, November 13th.
Dynagas LNG Partners has a payout ratio of 17.2% indicating that its dividend is sufficiently covered by earnings.
Dynagas LNG Partners Trading Down 1.9%
DLNG stock opened at $3.14 on Thursday. Dynagas LNG Partners has a twelve month low of $3.10 and a twelve month high of $4.45. The stock has a market capitalization of $114.35 million, a price-to-earnings ratio of 1.87 and a beta of 0.58. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.64. The firm’s fifty day simple moving average is $3.59 and its two-hundred day simple moving average is $3.79.
Dynagas LNG Partners (NYSE:DLNG – Get Free Report) last announced its earnings results on Tuesday, September 8th. The shipping company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.11. Dynagas LNG Partners had a return on equity of 13.05% and a net margin of 42.33%. The business had revenue of $41.19 million during 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.
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