Dynagas LNG Partners LP (DLNG) To Go Ex-Dividend on February 23rd

Dynagas LNG Partners LP (NYSE:DLNG) announced a quarterly dividend on Wednesday, February 11th. Shareholders of record on Monday, February 23rd will be paid a dividend of 0.05 per share by the shipping company on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Monday, February 23rd.

Dynagas LNG Partners has decreased its dividend by an average of 0.2%annually over the last three years. Dynagas LNG Partners has a payout ratio of 17.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Dynagas LNG Partners to earn $1.11 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 18.0%.

Dynagas LNG Partners Price Performance

DLNG opened at $3.84 on Friday. The company has a market capitalization of $141.05 million, a price-to-earnings ratio of 3.00 and a beta of 0.74. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.74. Dynagas LNG Partners has a 12-month low of $3.18 and a 12-month high of $4.40. The business’s fifty day simple moving average is $3.84 and its 200-day simple moving average is $3.70.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings data on Thursday, November 20th. The shipping company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.05. Dynagas LNG Partners had a return on equity of 15.62% and a net margin of 37.92%.The firm had revenue of $37.04 million during the quarter, compared to the consensus estimate of $37.78 million. On average, equities research analysts anticipate that Dynagas LNG Partners will post 1.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Dynagas LNG Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Dynagas LNG Partners Company Profile

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.