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

Dynagas LNG Partners LP (NYSE:DLNG) declared a quarterly dividend on Friday, November 22nd,NASDAQ Dividends reports. Stockholders 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 dividend on an annualized basis and a dividend 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. 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 Stock Performance

Shares of Dynagas LNG Partners stock opened at $4.48 on Friday. The business’s fifty day simple moving average is $3.90 and its 200 day simple moving average is $3.87. The firm has a market capitalization of $164.86 million, a P/E ratio of 7.47 and a beta of 1.37. Dynagas LNG Partners has a 12 month low of $2.27 and a 12 month high of $4.80. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.89.

Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings results on Tuesday, September 10th. The shipping company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The business had revenue of $37.62 million for 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 last year, the business posted $0.08 earnings per share. As a group, analysts anticipate that Dynagas LNG Partners will post 1.05 EPS for the current year.

Wall Street Analyst Weigh In

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

Dynagas LNG Partners Company Profile

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.