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

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 paid a dividend of 0.049 per share by the shipping company on Thursday, December 12th. This represents a $0.20 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date is Monday, December 9th.

Dynagas LNG Partners has a dividend payout ratio of 18.3% indicating that its dividend is sufficiently covered by earnings. 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 %

Shares of NYSE:DLNG opened at $4.48 on Friday. The business’s 50 day simple moving average is $3.92 and its 200 day simple moving average is $3.88. 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 has a 1 year low of $2.27 and a 1 year high of $4.80. The company has a market capitalization of $164.86 million, a P/E ratio of 7.47 and a beta of 1.37.

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

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Dynagas LNG Partners in a research note on Monday, November 18th. They issued a “strong-buy” rating for the company.

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.