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

Dynagas LNG Partners LP (NYSE:DLNG) declared a quarterly dividend on Friday, November 22nd,NASDAQ Dividends reports. Stockholders 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 annualized dividend and a dividend yield of 4.38%. The ex-dividend date of this dividend is Monday, December 9th.

Dynagas LNG Partners Stock Performance

Shares of DLNG stock traded up $0.23 during trading hours on Friday, reaching $4.48. The stock had a trading volume of 163,758 shares, compared to its average volume of 39,421. The firm has a market capitalization of $164.87 million, a PE ratio of 7.47 and a beta of 1.37. The firm has a 50-day simple moving average of $3.90 and a 200-day simple moving average of $3.87. Dynagas LNG Partners has a twelve month low of $2.27 and a twelve month high of $4.80. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.70 and a quick ratio of 0.69.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly 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 quarter in the previous year, the business posted $0.08 EPS. As a group, equities analysts forecast that Dynagas LNG Partners will post 1.05 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Dynagas LNG Partners in a research note on Monday. They issued a “strong-buy” rating for the company.

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.