Dynagas LNG Partners LP declared a $0.5625 distribution per Series A Preferred Unit, payable on February 12, 2025.
Quiver AI Summary
Dynagas LNG Partners LP has announced a cash distribution of $0.5625 per unit for its Series A Cumulative Redeemable Perpetual Preferred Units for the period from November 12, 2024, to February 11, 2025, payable on February 12, 2025, to unit holders of record by February 5, 2025. This marks the thirty-eighth consecutive cash distribution since the Series A Preferred Units began trading on the NYSE. The Partnership currently has 3,000,000 Series A Preferred Units outstanding. Distributions will continue to be made quarterly, contingent upon Board declaration, and are affected by various market conditions and risks related to the LNG shipping industry as discussed in the release. Additional information about the Partnership is available on their website.
Potential Positives
- The Board of Directors has declared a cash distribution of $0.5625 per unit on its Series A Preferred Units, demonstrating financial stability and commitment to returning value to shareholders.
- This marks the thirty-eighth consecutive cash distribution on the Series A Preferred Units, indicating a strong track record of reliable distributions.
- The distribution is scheduled for February 12, 2025, affirming the Partnership's intention to maintain regular quarterly payments, thus enhancing investor confidence.
Potential Negatives
- The ongoing need for cash distributions to preferred unit holders may indicate limited available cash flow, raising concerns about the Partnership's operational performance.
- The mention of uncertainties and contingencies related to forward-looking statements could signal potential challenges in meeting future expectations and affect investor confidence.
- The sheer number of risks outlined, including market fluctuations, regulatory changes, and operational issues, may suggest instability that could negatively impact the Partnership's financial health.
FAQ
What is the cash distribution announced by Dynagas LNG Partners?
Dynagas LNG Partners declared a cash distribution of $0.5625 per unit on its Series A Preferred Units.
When will the cash distribution be paid?
The cash distribution will be payable on February 12, 2025, to all preferred unit holders of record as of February 5, 2025.
How often are cash distributions made on Series A Preferred Units?
Cash distributions on the Series A Preferred Units are payable quarterly in February, May, August, and November.
How many Series A Preferred Units does the Partnership have outstanding?
The Partnership has 3,000,000 Series A Preferred Units outstanding as of the date of the press release.
What is Dynagas LNG Partners LP?
Dynagas LNG Partners LP is a master limited partnership that owns and operates liquefied natural gas carriers on multi-year charters.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DLNG Hedge Fund Activity
We have seen 6 institutional investors add shares of $DLNG stock to their portfolio, and 8 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 265,337 shares (+26.1%) to their portfolio in Q3 2024, for an estimated $1,005,627
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Full Release
ATHENS, Greece, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (the “Partnership”) (NYSE: “DLNG”), an owner and operator of LNG carriers, today announced that its Board of Directors has declared a cash distribution of $0.5625 per unit on its Series A Cumulative Redeemable Perpetual Preferred Units (the “Series A Preferred Units”) (NYSE: DLNG PR A) for the period from November 12, 2024 to February 11, 2025.
The cash distribution is payable on February 12, 2025 to all preferred unit holders of record as of February 5, 2025.
Distributions on the Series A Preferred Units will be payable quarterly in arrears on the 12 th day (unless the 12 th falls on a weekend or public holiday, in which case the payment date is moved to the next business day) of February, May, August and November of each year, when, as and if declared by our Board of Directors. This is the thirty-eighth sequential cash distribution on the Series A Preferred Units since they began trading on the NYSE.
The Partnership has 3,000,000 Series A Preferred Units outstanding as of the date of this press release.
About Dynagas LNG Partners LP
Dynagas LNG Partners LP. (NYSE: DLNG) is a master limited partnership which owns and operates liquefied natural gas (LNG) carriers employed on multi-year charters. The Partnership’s current fleet consists of six LNG carriers, with aggregate carrying capacity of approximately 914,000 cubic meters. Visit the Partnership’s website at
www.dynagaspartners.com
Contact Information:
Dynagas LNG Partners LP
Attention: Michael Gregos
Tel. +30 210 8917960
Email:
[email protected]
Investor Relations/ Financial Media:
Nicolas Bornozis/Markella Kara
Capital Link, Inc.
230 Park Avenue, Suite 1540
New York, NY 10169
Tel. (212) 661-7566
E-mail:
[email protected]
Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.
The Partnership desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “expected,” “pending” and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, examination by the Partnership’s management of historical operating trends, data contained in its records and other data available from third parties. Although the Partnership believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Partnership’s control, the Partnership cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in the Partnership’s view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for Liquefied Natural Gas (LNG) shipping capacity, changes in the Partnership’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Partnership’s vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessel breakdowns and instances of off-hires and other factors. Please see our filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and the Partnership disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.