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

Dynagas LNG Partners LP (NYSE:DLNG) declared a quarterly dividend on Wednesday, February 11th. Investors of record on Monday, February 23rd will be paid 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 of this dividend is Monday, February 23rd.

Dynagas LNG Partners has decreased its dividend 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 Stock Up 0.8%

Dynagas LNG Partners stock opened at $3.81 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.74. The firm has a market cap of $140.21 million, a P/E ratio of 2.98 and a beta of 0.74. The business has a fifty day moving average of $3.83 and a two-hundred day moving average of $3.70. Dynagas LNG Partners has a twelve month low of $3.18 and a twelve 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, beating analysts’ consensus estimates of $0.31 by $0.05. The business had revenue of $37.04 million for the quarter, compared to the consensus estimate of $37.78 million. Dynagas LNG Partners had a return on equity of 15.62% and a net margin of 37.92%. On average, analysts forecast that Dynagas LNG Partners will post 1.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Dynagas LNG Partners from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 2nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Dynagas LNG Partners Company Profile

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.