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

Dynagas LNG Partners LP (NYSE:DLNG) declared a quarterly dividend on Friday, May 8th. Investors of record on Monday, May 18th will be given a dividend of 0.05 per share by the shipping company on Friday, May 22nd. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Monday, May 18th.

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

Dynagas LNG Partners Price Performance

NYSE:DLNG opened at $3.87 on Friday. The firm has a market cap of $140.76 million, a price-to-earnings ratio of 2.82 and a beta of 0.55. Dynagas LNG Partners has a 1-year low of $3.40 and a 1-year high of $4.45. The firm’s fifty day moving average price is $4.05 and its 200 day moving average price is $3.88.

Dynagas LNG Partners (NYSE:DLNG) last issued its earnings results on Friday, March 13th. The shipping company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.26 by $0.08. The company had revenue of $40.01 million for the quarter, compared to analyst estimates of $35.68 million. Dynagas LNG Partners had a net margin of 39.36% and a return on equity of 14.96%.

Hedge Funds Weigh In On Dynagas LNG Partners

A number of institutional investors and hedge funds have recently bought and sold shares of DLNG. Acadian Asset Management LLC boosted its holdings in Dynagas LNG Partners by 548.8% in the 1st quarter. Acadian Asset Management LLC now owns 184,310 shares of the shipping company’s stock worth $692,000 after acquiring an additional 155,902 shares during the period. Geneos Wealth Management Inc. lifted its stake in Dynagas LNG Partners by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 43,036 shares of the shipping company’s stock worth $151,000 after purchasing an additional 21,518 shares during the last quarter. Baader Bank Aktiengesellschaft bought a new position in Dynagas LNG Partners during the third quarter worth $36,000. Susquehanna International Group LLP lifted its stake in Dynagas LNG Partners by 430.1% during the third quarter. Susquehanna International Group LLP now owns 146,196 shares of the shipping company’s stock worth $513,000 after purchasing an additional 118,616 shares during the last quarter. Finally, Diversified Enterprises LLC bought a new stake in Dynagas LNG Partners in the fourth quarter valued at $81,000.

About Dynagas LNG Partners

Dynagas LNG Partners LP is a publicly traded limited partnership focused on the ownership and operation of liquefied natural gas (LNG) carriers. The partnership provides seaborne transportation services under long-term, fixed-rate charters, catering primarily to major energy companies and utility providers. Its vessels are designed to carry LNG at cryogenic temperatures, enabling large-scale cargo movements between exporting and importing regions worldwide.

The fleet comprises modern membrane-type LNG carriers built to high engineering and environmental standards.