Dynagas LNG Partners LP (DLNG) To Go Ex-Dividend on November 13th

Dynagas LNG Partners LP (NYSE:DLNG) announced a quarterly dividend on Tuesday, November 3rd. Investors of record on Friday, November 13th will be given a dividend of $0.05 per share by the shipping company on Friday, November 20th. This represents a $0.20 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, November 13th.

Dynagas LNG Partners has a dividend payout ratio of 17.2% meaning its dividend is sufficiently covered by earnings.

Dynagas LNG Partners Trading Up 0.1%

Shares of DLNG opened at $3.18 on Wednesday. Dynagas LNG Partners has a 52-week low of $2.90 and a 52-week high of $4.45. The business’s fifty day moving average is $3.54 and its 200-day moving average is $3.77. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.86 and a current ratio of 0.88. The firm has a market cap of $115.95 million, a price-to-earnings ratio of 1.90 and a beta of 0.58.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings data on Tuesday, September 8th. The shipping company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.11. Dynagas LNG Partners had a return on equity of 13.05% and a net margin of 42.33%. The business had revenue of $41.19 million during the quarter, compared to the consensus estimate of $36.31 million.

About Dynagas LNG Partners

Dynagas LNG Partners LP (NYSE: DLNG) is a maritime transportation company focused on the ownership and operation of liquefied natural gas (LNG) carriers. The partnership provides seaborne LNG transportation services to energy companies, utilities and other commercial customers under primarily long-term charter arrangements. The company’s fleet has included conventional and ice-class LNG carriers designed to transport LNG safely and efficiently between production regions, receiving terminals and other destinations.