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

Dynagas LNG Partners LP (NYSE:DLNG) declared a quarterly dividend on Tuesday, February 11th,Wall Street Journal reports. Investors 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 dividend on an annualized basis 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. 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 3.4 %

NYSE:DLNG traded down $0.15 during trading hours on Tuesday, reaching $4.21. 143,130 shares of the stock were exchanged, compared to its average volume of 128,405. The stock has a market cap of $154.93 million, a PE ratio of 4.39 and a beta of 1.36. Dynagas LNG Partners has a twelve month low of $2.27 and a twelve month high of $5.65. The firm 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.

Dynagas LNG Partners (NYSE:DLNG) last announced its earnings results on Friday, November 22nd. The shipping company reported $0.30 EPS for the quarter, topping 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, equities analysts expect that Dynagas LNG Partners will post 1.08 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Dynagas LNG Partners in a research report on Sunday, January 5th. They set a “buy” rating on the stock.

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.