Dynagas LNG Partners LP(NYSE:DLNG) Declares Dividend of $0.4225.

Dynagas LNG Partners LP (NYSE:DLNG) had declared a cash dividend of $0.4225 on Oct 4, 2016. The shares will quote ex-dividend on Oct 7, 2016 and the record date has been fixed for Oct 11, 2016. On Oct 4, 2016 share price, the yield comes out to be 10.8195%. The dividend payable date has been fixed on Oct 18, 2016.

In a different note, Wells Fargo said it Initiates Coverage on Dynagas LNG Partners LP, according to a research note issued on Sep 19, 2016. The shares have been rated ‘Market Perform’ by the firm. Jefferies said it Initiates Coverage on Dynagas LNG Partners LP, according to a research note issued on Sep 13, 2016. The shares have been rated ‘Buy’ by the firm. On Aug 1, 2016, Morgan Stanley said it Maintains its rating on Dynagas LNG Partners LP. In the research note, the firm Raises the price-target to $12.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

Dynagas LNG Partners LP (DLNG) made into the market gainers list on Fridays trading session with the shares advancing 1.54% or 0.23 points. Due to strong positive momentum, the stock ended at $15.2, which is also near the day’s high of $15.55. The stock began the session at $14.97 and the volume stood at 91,154 shares. The 52-week high of the shares is $16.2497 and the 52 week low is $6.7. The company has a current market capitalization of $539 M and it has 3,54,90,000 shares in outstanding.

Dynagas LNG Partners LP(DLNG) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $42.64M. Analysts had an estimated revenue of $42.32M. Earnings per share were $0.48. Analysts had estimated an EPS of $0.43.

Dynagas LNG Partners LP is a growth-oriented limited partnership. The Company is focused on owning and operating liquefied natural gas (LNG) carriers. The Company owns and operates a fleet of approximately five LNG carriers consisting of the three LNG carriers in its Initial Fleet the Clean Energy the Ob River and the Clean Force and two 2013-built Ice Class LNG carriers the Arctic Aurora and the Yenisei River. The vessels in the Company’s fleet have carrying capacity of between approximately 150000 and 155000 cubic meters (cbm). It consists of two series of sister vessels. The Company has approximately 39 LNG carriers in operation including the vessels with a carrying capacity of between 149000 and 155000 cbm and a membrane containment system. The Company’s Optional Vessels consist of five winterized newbuilding LNG carriers two of which have been contracted to operate under multi-year charters with Gazprom and Cheniere.

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