Dynagas LNG Partners LP (NYSE:DLNG - Get Free Report) declared a quarterly dividend on Monday, February 10th,Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend is Monday, February 24th.
Dynagas LNG Partners has a payout ratio of 16.4% meaning 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
DLNG stock traded down $0.08 on Friday, reaching $4.28. 61,472 shares of the company's stock were exchanged, compared to its average volume of 109,139. The stock has a fifty day moving average of $4.94 and a 200-day moving average of $4.28. Dynagas LNG Partners has a twelve month low of $2.27 and a twelve month high of $5.65. The firm has a market cap of $157.36 million, a PE ratio of 4.45 and a beta of 1.36. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.95.
Dynagas LNG Partners (NYSE:DLNG - Get Free Report) last announced its quarterly earnings data on Friday, November 22nd. The shipping company reported $0.30 earnings per share for the quarter, topping 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%. As a group, equities analysts predict that Dynagas LNG Partners will post 1.08 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Separately, StockNews.com raised Dynagas LNG Partners from a "buy" rating to a "strong-buy" rating in a report on Wednesday.
Read Our Latest Analysis on Dynagas LNG Partners
Dynagas LNG Partners Company Profile
(
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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.
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