Dynagas LNG Partners LP (DLNG) to Issue Quarterly Dividend of $0.05 on February 27th

Dynagas LNG Partners LP (NYSE:DLNG) declared a quarterly dividend on Monday, February 10th, Wall Street Journal reports. Shareholders 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 4.75%. The ex-dividend date is Monday, February 24th.

Dynagas LNG Partners has a payout ratio of 16.4% indicating that 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 Stock Down 2.1 %

Dynagas LNG Partners stock opened at $4.13 on Friday. The firm has a market cap of $151.98 million, a PE ratio of 4.30 and a beta of 1.36. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.68 and a current ratio of 1.68. The firm’s 50 day moving average price is $4.91 and its two-hundred day moving average price is $4.29. Dynagas LNG Partners has a twelve month low of $2.27 and a twelve month high of $5.65.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings data on Friday, November 22nd. The shipping company reported $0.30 earnings per share 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%. On average, research analysts predict that Dynagas LNG Partners will post 1.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Dynagas LNG Partners from a “strong-buy” rating to a “buy” rating in a research note on Thursday.

About Dynagas LNG Partners

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.