Dynagas LNG Partners LP (DLNG) To Go Ex-Dividend on December 9th

Dynagas LNG Partners LP (NYSE:DLNG) declared a quarterly dividend on Friday, November 22nd,NASDAQ Dividends reports. Shareholders of record on Monday, December 9th will be paid a dividend of 0.049 per share by the shipping company on Thursday, December 12th. This represents a $0.20 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend is Monday, December 9th.

Dynagas LNG Partners has a payout ratio of 18.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Dynagas LNG Partners to earn $1.09 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 18.3%.

Dynagas LNG Partners Price Performance

Shares of NYSE DLNG opened at $4.48 on Friday. The business’s 50 day moving average price is $3.92 and its two-hundred day moving average price is $3.88. The company has a market cap of $164.86 million, a PE ratio of 7.47 and a beta of 1.37. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.89. Dynagas LNG Partners has a twelve month low of $2.27 and a twelve month high of $4.80.

Dynagas LNG Partners (NYSE:DLNG) last posted its earnings results on Tuesday, September 10th. The shipping company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.03). Dynagas LNG Partners had a net margin of 21.27% and a return on equity of 11.77%. The firm had revenue of $37.62 million during the quarter, compared to analyst estimates of $37.92 million. During the same period in the previous year, the company posted $0.08 EPS. On average, analysts predict that Dynagas LNG Partners will post 1.05 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Dynagas LNG Partners in a research report on Monday, November 18th. They issued a “strong-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.