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

Dynagas LNG Partners LP (NYSE:DLNG) announced a quarterly dividend on Wednesday, February 11th. Investors of record on Monday, February 23rd will be given a dividend of 0.05 per share by the shipping company on Friday, February 27th. This represents a c) annualized dividend and a yield of 5.2%. The ex-dividend date is Monday, February 23rd.

Dynagas LNG Partners has decreased its dividend payment by an average of 0.2%annually over the last three years. Dynagas LNG Partners has a dividend payout ratio of 17.2% indicating that its dividend is sufficiently covered by earnings. 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 DLNG stock opened at $3.81 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $140.21 million, a PE ratio of 2.98 and a beta of 0.74. The firm’s 50-day moving average is $3.83 and its two-hundred day moving average is $3.70. Dynagas LNG Partners has a 12 month low of $3.18 and a 12 month high of $4.40.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings results on Thursday, November 20th. The shipping company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.05. The business had revenue of $37.04 million during the quarter, compared to the consensus estimate of $37.78 million. Dynagas LNG Partners had a net margin of 37.92% and a return on equity of 15.62%. Analysts predict that Dynagas LNG Partners will post 1.08 earnings per share for the current year.

Institutional Trading of Dynagas LNG Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. acquired a new position in Dynagas LNG Partners during the second quarter worth $36,000. Baader Bank Aktiengesellschaft purchased a new stake in shares of Dynagas LNG Partners in the 3rd quarter valued at $36,000. Diversified Enterprises LLC purchased a new stake in shares of Dynagas LNG Partners in the 4th quarter valued at $81,000. Geneos Wealth Management Inc. lifted its stake in Dynagas LNG Partners by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 43,036 shares of the shipping company’s stock worth $151,000 after acquiring an additional 21,518 shares in the last quarter. Finally, Susquehanna International Group LLP boosted its holdings in Dynagas LNG Partners by 430.1% during the 3rd quarter. Susquehanna International Group LLP now owns 146,196 shares of the shipping company’s stock valued at $513,000 after acquiring an additional 118,616 shares during the period.

About Dynagas LNG Partners

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.