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

Dynagas LNG Partners LP (NYSE:DLNG) announced a quarterly dividend on Monday, February 10th,Wall Street Journal reports. Shareholders of record on Monday, February 24th will be paid a dividend of 0.049 per share by the shipping company on Thursday, February 27th. This represents a $0.20 annualized dividend and a yield of 4.66%. The ex-dividend date is Monday, February 24th.

Dynagas LNG Partners has a dividend 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 Price Performance

Shares of NYSE:DLNG opened at $4.21 on Wednesday. Dynagas LNG Partners has a one year low of $2.27 and a one year high of $5.65. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a market capitalization of $154.93 million, a price-to-earnings ratio of 4.39 and a beta of 1.36. The company’s fifty day moving average price is $4.95 and its 200-day moving average price is $4.28.

Dynagas LNG Partners (NYSE:DLNG) last released its earnings results on Friday, November 22nd. The shipping company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.02. Dynagas LNG Partners had a return on equity of 14.73% and a net margin of 31.63%. On average, equities research analysts anticipate that Dynagas LNG Partners will post 1.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Dynagas LNG Partners in a research report on Sunday, January 5th. They issued a “buy” rating for the company.

Dynagas LNG Partners Company Profile

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.