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

Dynagas LNG Partners LP (NYSE:DLNG) announced a quarterly dividend on Monday, February 10th,Wall Street Journal reports. Stockholders 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 dividend yield of 4.66%. 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. 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 Trading Down 3.4 %

DLNG stock traded down $0.15 during trading on Tuesday, reaching $4.21. The company had a trading volume of 143,131 shares, compared to its average volume of 128,427. Dynagas LNG Partners has a 52 week low of $2.27 and a 52 week high of $5.65. The business has a 50 day moving average of $4.96 and a 200 day moving average of $4.27. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68. The company has a market cap of $154.93 million, a P/E ratio of 4.39 and a beta of 1.36.

Dynagas LNG Partners (NYSE:DLNG) last issued its quarterly earnings results on Friday, November 22nd. The shipping company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.02. Dynagas LNG Partners had a return on equity of 14.73% and a net margin of 31.63%. As a group, sell-side analysts forecast that Dynagas LNG Partners will post 1.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Dynagas LNG Partners in a report 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.