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

Key Points

• Dynagas LNG Partners LP has declared a quarterly dividend of $0.05 per share, with a dividend yield of 5.4%, expected to be paid out to stockholders on August 29th.
• The company has a payout ratio of 17.2%, indicating that its dividend is well-covered by earnings, with projected earnings of $1.11 per share next year.
• Dynagas LNG Partners recently reported $0.30 EPS, exceeding analyst expectations, and has been downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen.

Dynagas LNG Partners LP (NYSE:DLNG - Get Free Report) announced a quarterly dividend on Wednesday, August 13th, RTT News reports. Stockholders of record on Monday, August 25th will be given a dividend of 0.049 per share by the shipping company on Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 5.4%.

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 Trading Down 0.1%

DLNG stock opened at $3.61 on Thursday. The firm has a fifty day moving average price of $3.61 and a 200 day moving average price of $3.78. Dynagas LNG Partners has a fifty-two week low of $3.18 and a fifty-two week high of $5.65. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.12 and a current ratio of 2.12. The firm has a market cap of $132.59 million, a PE ratio of 3.31 and a beta of 0.75.

Dynagas LNG Partners (NYSE:DLNG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 27th. The shipping company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.28 by $0.02. The company had revenue of $39.11 million during the quarter, compared to analyst estimates of $36.96 million. Dynagas LNG Partners had a net margin of 33.92% and a return on equity of 15.92%. Sell-side analysts anticipate that Dynagas LNG Partners will post 1.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Dynagas LNG Partners from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, May 20th.

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.

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