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

Dynagas LNG Partners LP (NYSE:DLNG) announced a quarterly dividend on Friday, November 22nd,NASDAQ Dividends reports. Investors of record on Monday, December 9th will be given a dividend of 0.049 per share by the shipping company on Thursday, December 12th. This represents a $0.20 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend is Monday, December 9th.

Dynagas LNG Partners has a payout ratio of 18.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Dynagas LNG Partners to earn $1.09 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 18.3%.

Dynagas LNG Partners Trading Up 5.4 %

NYSE DLNG opened at $4.48 on Friday. The business has a 50 day simple moving average of $3.90 and a 200 day simple moving average of $3.87. Dynagas LNG Partners has a one year low of $2.27 and a one year high of $4.80. The stock has a market capitalization of $164.86 million, a P/E ratio of 7.47 and a beta of 1.37. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.70 and a quick ratio of 0.69.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings results on Tuesday, September 10th. The shipping company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). The firm had revenue of $37.62 million during the quarter, compared to the consensus estimate of $37.92 million. Dynagas LNG Partners had a return on equity of 11.77% and a net margin of 21.27%. During the same quarter in the previous year, the company posted $0.08 EPS. Research analysts expect that Dynagas LNG Partners will post 1.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Dynagas LNG Partners in a report on Monday, November 18th. They issued a “strong-buy” rating on the stock.

About Dynagas LNG Partners

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.