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

Dynagas LNG Partners LP (NYSE:DLNG) announced a quarterly dividend on Tuesday, February 11th,Wall Street Journal reports. Investors 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 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. 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

Shares of NYSE:DLNG traded down $0.15 during midday trading on Tuesday, hitting $4.21. The stock had a trading volume of 143,130 shares, compared to its average volume of 128,405. The company’s 50-day moving average price is $4.96 and its 200-day moving average price is $4.27. Dynagas LNG Partners has a fifty-two week low of $2.27 and a fifty-two week high of $5.65. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $154.93 million, a P/E ratio of 4.39 and a beta of 1.36.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings data 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%. As a group, equities research analysts predict that Dynagas LNG Partners will post 1.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Dynagas LNG Partners in a research note on Sunday, January 5th. They issued a “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.