Dynagas LNG Partners LP (DLNG) to Issue Quarterly Dividend of $0.05 on May 22nd

Dynagas LNG Partners LP (NYSE:DLNG) declared a quarterly dividend on Friday, May 8th. Stockholders 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 dividend yield of 5.2%. The ex-dividend date of this dividend is Monday, May 18th.

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

Dynagas LNG Partners Trading Down 1.4%

DLNG opened at $3.87 on Friday. The company has a market cap of $140.76 million, a P/E ratio of 2.82 and a beta of 0.55. The company’s 50 day moving average is $4.05 and its 200-day moving average is $3.88. Dynagas LNG Partners has a 1-year low of $3.40 and a 1-year high of $4.45.

Dynagas LNG Partners (NYSE:DLNG) last released its quarterly earnings data on Friday, March 13th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. Dynagas LNG Partners had a net margin of 39.36% and a return on equity of 14.96%. The business had revenue of $40.01 million during the quarter, compared to analysts’ expectations of $35.68 million.

Institutional Trading of Dynagas LNG Partners

A number of institutional investors and hedge funds have recently bought and sold shares of DLNG. Baader Bank Aktiengesellschaft acquired a new position in Dynagas LNG Partners during the 3rd quarter worth about $36,000. IMC Chicago LLC acquired a new stake in shares of Dynagas LNG Partners in the first quarter valued at about $51,000. XTX Topco Ltd bought a new position in shares of Dynagas LNG Partners during the fourth quarter worth about $57,000. Diversified Enterprises LLC acquired a new position in shares of Dynagas LNG Partners in the fourth quarter worth approximately $81,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Dynagas LNG Partners by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 43,036 shares of the shipping company’s stock worth $151,000 after acquiring an additional 21,518 shares during the period.

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.