Dynagas LNG Partners LP (NYSE:DLNG) declared a dividend on Thursday, January 4th, Fidelity reports. Investors 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 is Wednesday, January 10th.

Dynagas LNG Partners has increased its dividend by an average of 9.3% per year over the last three years. Dynagas LNG Partners has a dividend payout ratio of 225.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research 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%.

Shares of Dynagas LNG Partners (NYSE:DLNG) opened at $12.41 on Friday. The company has a quick ratio of 2.95, a current ratio of 2.95 and a debt-to-equity ratio of 2.78. Dynagas LNG Partners has a 52 week low of $10.66 and a 52 week high of $17.93. The firm has a market capitalization of $420.26, a P/E ratio of 21.40 and a beta of 1.07.

DLNG has been the subject of a number of research reports. Jefferies Group reiterated a “buy” rating on shares of Dynagas LNG Partners in a research note on Tuesday, October 31st. Zacks Investment Research upgraded Dynagas LNG Partners from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $17.00 price objective on shares of Dynagas LNG Partners in a research note on Wednesday, December 6th. ValuEngine upgraded Dynagas LNG Partners from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Maxim Group reiterated a “buy” rating and issued a $15.00 price objective (down previously from $18.00) on shares of Dynagas LNG Partners in a research note on Thursday, December 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Dynagas LNG Partners currently has an average rating of “Hold” and a consensus target price of $15.00.

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About Dynagas LNG Partners

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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