Dynagas LNG Partners LP (DLNG) to Issue Quarterly Dividend of $0.05 on May 22nd

by · The Cerbat Gem

Dynagas LNG Partners LP (NYSE:DLNG – Get Free Report) declared a quarterly dividend on Friday, May 8th. Stockholders of record on Monday, May 18th will be paid 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 is Monday, May 18th.

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

Dynagas LNG Partners Trading Down 1.4%

Shares of NYSE:DLNG opened at $3.87 on Friday. The business has a 50-day moving average price of $4.05 and a 200 day moving average price of $3.88. The company has a market capitalization of $140.76 million, a price-to-earnings ratio of 2.82 and a beta of 0.55. Dynagas LNG Partners has a 12-month low of $3.40 and a 12-month high of $4.45.

Dynagas LNG Partners (NYSE:DLNG – Get Free Report) last issued its quarterly earnings data on Friday, March 13th. The shipping company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.26 by $0.08. Dynagas LNG Partners had a net margin of 39.36% and a return on equity of 14.96%. The firm had revenue of $40.01 million for the quarter, compared to analyst estimates of $35.68 million.

Analyst Ratings Changes

DLNG has been the subject of several research analyst reports. Weiss Ratings lowered Dynagas LNG Partners from a “buy (b-)” rating to a “hold (c)” rating in a research report on Monday, April 13th. Wall Street Zen upgraded Dynagas LNG Partners to a “hold” rating in a report on Saturday, February 14th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Dynagas LNG Partners currently has an average rating of “Hold”.

Check Out Our Latest Report on DLNG

Dynagas LNG Partners Company Profile

(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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