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

Dynagas LNG Partners LP (NYSE:DLNG) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Friday, November 13th will be given a dividend of $0.05 per share by the shipping company on Friday, November 20th. This represents a $0.20 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Friday, November 13th.

Dynagas LNG Partners has a dividend payout ratio of 17.2% indicating that its dividend is sufficiently covered by earnings.

Dynagas LNG Partners Stock Up 1.1%

DLNG opened at $3.21 on Wednesday. Dynagas LNG Partners has a 1-year low of $3.14 and a 1-year high of $4.45. The stock has a market capitalization of $116.73 million, a price-to-earnings ratio of 1.91 and a beta of 0.58. The business has a 50 day moving average of $3.61 and a 200-day moving average of $3.79. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.64.

Dynagas LNG Partners (NYSE:DLNG) last posted its quarterly earnings results on Tuesday, September 8th. The shipping company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.11. The firm had revenue of $41.19 million for the quarter, compared to the consensus estimate of $36.31 million. Dynagas LNG Partners had a net margin of 42.33% and a return on equity of 13.05%.

Dynagas LNG Partners Company Profile

Dynagas LNG Partners LP (NYSE: DLNG) is a maritime transportation company focused on the ownership and operation of liquefied natural gas (LNG) carriers. The partnership provides seaborne LNG transportation services to energy companies, utilities and other commercial customers under primarily long-term charter arrangements.

The company’s fleet has included conventional and ice-class LNG carriers designed to transport LNG safely and efficiently between production regions, receiving terminals and other destinations.