Dynagas LNG Partners LP (DLNG) To Go Ex-Dividend on January 10th

Dynagas LNG Partners LP (NYSE:DLNG) declared a dividend on Thursday, January 4th, Fidelity reports. Stockholders of record on Thursday, January 11th will be paid a dividend of 0.4225 per share by the shipping company on Thursday, January 18th. The ex-dividend date of this dividend is Wednesday, January 10th.

Dynagas LNG Partners has increased its dividend payment by an average of 9.3% per year over the last three years. Dynagas LNG Partners has a payout ratio of 225.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Dynagas LNG Partners to earn $0.53 per share next year, which means the company may not be able to cover its $1.69 annual dividend with an expected future payout ratio of 318.9%.

Dynagas LNG Partners (DLNG) opened at $12.41 on Friday. Dynagas LNG Partners has a fifty-two week low of $10.66 and a fifty-two week high of $17.93. The company has a market cap of $420.26, a P/E ratio of 21.40 and a beta of 1.07. The company has a current ratio of 2.95, a quick ratio of 2.95 and a debt-to-equity ratio of 2.78.

Several brokerages have recently commented on DLNG. Zacks Investment Research raised shares of Dynagas LNG Partners from a “sell” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus reaffirmed a “buy” rating and set a $19.00 target price on shares of Dynagas LNG Partners in a report on Sunday, October 1st. ValuEngine raised shares of Dynagas LNG Partners from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Jefferies Group reaffirmed a “buy” rating on shares of Dynagas LNG Partners in a report on Tuesday, October 31st. Finally, Maxim Group reaffirmed a “buy” rating and set a $15.00 target price (down from $18.00) on shares of Dynagas LNG Partners in a report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $15.00.

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Dynagas LNG Partners Company Profile

Dynagas LNG Partners LP is a limited partnership, which focuses on owning and operating liquid natural gas (LNG) carriers. The Company’s vessels are employed on multi-year time charters with international energy companies. As of December 31, 2016, the Company owned and operated a fleet of six LNG carriers, consisting of the three LNG carriers in its Initial Fleet, the Clean Energy, the Ob River and the Amur River, and three 2013-built Ice Class LNG carriers that the Company acquired from its Sponsor the Arctic Aurora, the Yenisei River, and the Lena River (collectively referred as its Fleet).

Dividend History for Dynagas LNG Partners (NYSE:DLNG)

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