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

Dynagas LNG Partners LP (NYSE:DLNG) declared a quarterly dividend on Wednesday, August 12th. Stockholders of record on Monday, August 24th will be given a dividend of 0.05 per share by the shipping company on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Monday, August 24th.

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 DLNG opened at $3.79 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 0.64. Dynagas LNG Partners has a 52-week low of $3.27 and a 52-week high of $4.45. The company has a 50-day simple moving average of $3.62 and a 200-day simple moving average of $3.85. The company has a market capitalization of $138.00 million, a PE ratio of 2.49 and a beta of 0.53.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings data on Friday, May 29th. The shipping company reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. Dynagas LNG Partners had a net margin of 41.60% and a return on equity of 13.59%. The firm had revenue of $39.94 million for the quarter, compared to the consensus estimate of $36.92 million.

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.