Dynagas LNG Partners LP (NYSE:DLNG) Shareholders Set to Receive $0.05 Quarterly Dividend

Dynagas LNG Partners LP (NYSE:DLNG) declared a quarterly dividend on Tuesday, November 3rd. Shareholders 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 yield of 6.2%. The ex-dividend date is Friday, November 13th.

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

Dynagas LNG Partners Stock Performance

Shares of NYSE DLNG opened at $3.21 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.88 and a quick ratio of 0.86. The firm has a market cap of $116.73 million, a price-to-earnings ratio of 1.91 and a beta of 0.58. The stock’s fifty day moving average price is $3.61 and its two-hundred day moving average price is $3.79. Dynagas LNG Partners has a one year low of $3.14 and a one year high of $4.45.

Dynagas LNG Partners (NYSE:DLNG) last posted its earnings results on Tuesday, September 8th. The shipping company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.11. The company had revenue of $41.19 million during the quarter, compared to the consensus estimate of $36.31 million. Dynagas LNG Partners had a return on equity of 13.05% and a net margin of 42.33%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DLNG shares. Wall Street Zen upgraded Dynagas LNG Partners to a “buy” rating in a research note on Saturday, September 19th. Weiss Ratings restated a “hold (c)” rating on shares of Dynagas LNG Partners in a research note on Tuesday, October 6th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

About Dynagas LNG Partners

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.