Dynagas LNG Partners LP (DLNG) To Go Ex-Dividend on August 24th

Dynagas LNG Partners LP (NYSE:DLNG) announced a quarterly dividend on Wednesday, August 12th. Shareholders of record on Monday, August 24th will be given a dividend of 0.05 per share by the shipping company on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Monday, August 24th.

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

Dynagas LNG Partners Price Performance

NYSE DLNG opened at $3.87 on Friday. Dynagas LNG Partners has a 12 month low of $3.27 and a 12 month high of $4.45. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 0.64. The stock has a market cap of $140.95 million, a price-to-earnings ratio of 2.55 and a beta of 0.53. The company’s 50 day moving average is $3.63 and its two-hundred day moving average is $3.85.

Dynagas LNG Partners (NYSE:DLNG) last announced its quarterly earnings results on Friday, May 29th. The shipping company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. Dynagas LNG Partners had a net margin of 41.60% and a return on equity of 13.59%. The company had revenue of $39.94 million for the quarter, compared to the consensus estimate of $36.92 million.

Institutional Investors Weigh In On Dynagas LNG Partners

Large investors have recently modified their holdings of the business. Acadian Asset Management LLC raised its position in shares of Dynagas LNG Partners by 548.8% in the 1st quarter. Acadian Asset Management LLC now owns 184,310 shares of the shipping company’s stock valued at $692,000 after purchasing an additional 155,902 shares during the last quarter. Susquehanna International Group LLP grew its position in Dynagas LNG Partners by 430.1% during the 3rd quarter. Susquehanna International Group LLP now owns 146,196 shares of the shipping company’s stock worth $513,000 after purchasing an additional 118,616 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Dynagas LNG Partners by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 43,036 shares of the shipping company’s stock valued at $151,000 after purchasing an additional 21,518 shares in the last quarter. Virtu Financial LLC acquired a new position in Dynagas LNG Partners during the 4th quarter valued at approximately $100,000. Finally, XTX Topco Ltd purchased a new position in shares of Dynagas LNG Partners in the fourth quarter worth $57,000.

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.