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

Dynagas LNG Partners LP (NYSE:DLNG) declared a quarterly dividend on Monday, February 10th,Wall Street Journal reports. Stockholders of record on Monday, February 24th will be given a dividend of 0.049 per share by the shipping company on Thursday, February 27th. This represents a $0.20 annualized dividend and a dividend yield of 4.66%. The ex-dividend date of this dividend is Monday, February 24th.

Dynagas LNG Partners has a payout ratio of 16.4% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of DLNG traded down $0.15 during trading hours on Tuesday, hitting $4.21. The stock had a trading volume of 143,131 shares, compared to its average volume of 128,427. Dynagas LNG Partners has a 12 month low of $2.27 and a 12 month high of $5.65. The stock has a fifty day moving average price of $4.96 and a 200 day moving average price of $4.27. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a market capitalization of $154.93 million, a PE ratio of 4.39 and a beta of 1.36.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings results on Friday, November 22nd. The shipping company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. Dynagas LNG Partners had a net margin of 31.63% and a return on equity of 14.73%. Analysts anticipate that Dynagas LNG Partners will post 1.08 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Dynagas LNG Partners in a research report on Sunday, January 5th. They set a “buy” rating for the company.

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.