Dynagas LNG Partners LP Announces Cash Distribution for the Quarter Ended December 31, 2024 of $0.049 Per Unit
Dynagas LNG Partners LP (NYSE: DLNG), a company specializing in LNG carrier ownership and operations, has announced its quarterly cash distribution for Q4 2024. The Board of Directors has declared a distribution of $0.049 per unit, which will be paid around February 27, 2025. Unit holders recorded as of February 24, 2025 will be eligible for this distribution.
Dynagas LNG Partners LP (NYSE: DLNG), una società specializzata nella proprietà e nelle operazioni di metaniere, ha annunciato la sua distribuzione di cassa trimestrale per il quarto trimestre del 2024. Il Consiglio di Amministrazione ha dichiarato una distribuzione di $0,049 per unità, che sarà pagata intorno al 27 febbraio 2025. I detentori di unità registrati al 24 febbraio 2025 saranno idonei a ricevere questa distribuzione.
Dynagas LNG Partners LP (NYSE: DLNG), una compañía especializada en la propiedad y operaciones de buques metaneros, ha anunciado su distribución de efectivo trimestral para el cuarto trimestre de 2024. La Junta Directiva ha declarado una distribución de $0.049 por unidad, que se pagará alrededor del 27 de febrero de 2025. Los tenedores de unidades registrados hasta el 24 de febrero de 2025 serán elegibles para esta distribución.
다이나가스 LNG 파트너스 LP (NYSE: DLNG), LNG 운반선 소유 및 운영에 특화된 회사,가 2024년 4분기 분기 배당금을 발표했습니다. 이사회는 유닛당 $0.049의 배당금을 선언하였으며, 이는 2025년 2월 27일 경에 지급될 예정입니다. 2025년 2월 24일 기준으로 등록된 유닛 보유자는 이 배당금 수령 자격이 있습니다.
Dynagas LNG Partners LP (NYSE: DLNG), une entreprise spécialisée dans la possession et les opérations de méthaniers, a annoncé sa distribution trimestrielle de liquidités pour le quatrième trimestre de 2024. Le Conseil d'Administration a déclaré une distribution de 0,049 $ par unité, qui sera versée aux alentours du 27 février 2025. Les détenteurs d'unités enregistrés au 24 février 2025 seront éligibles à cette distribution.
Dynagas LNG Partners LP (NYSE: DLNG), ein Unternehmen, das auf den Besitz und Betrieb von LNG-Tankern spezialisiert ist, hat seine vierteljährliche Barausschüttung für das 4. Quartal 2024 bekannt gegeben. Der Vorstand hat eine Ausschüttung von 0,049 $ pro Einheit erklärt, die voraussichtlich am 27. Februar 2025 ausgezahlt wird. Einheitsinhaber, die am 24. Februar 2025 registriert sind, sind für diese Ausschüttung berechtigt.
- Maintains consistent quarterly dividend distribution to shareholders
- Demonstrates ability to generate distributable cash flow
- Low dividend amount of $0.049 per unit indicates cash distribution to shareholders
Insights
The announced quarterly distribution of
The LNG shipping sector has been experiencing significant market dynamics, with spot rates showing volatility while long-term contracts provide more stable cash flows. Dynagas LNG Partners' ability to maintain its distribution, albeit at a conservative level, suggests stable underlying operations and contracted revenue streams. However, the relatively low distribution amount compared to the company's historical payments and industry peers indicates a prioritization of balance sheet strength and financial flexibility over higher unitholder returns.
For investors, while the distribution provides a regular income stream, the modest payout level suggests management is maintaining a cautious stance, potentially reserving capital for debt service, vessel maintenance, or future growth opportunities. This conservative distribution strategy could be viewed positively from a long-term sustainability perspective, particularly given the capital-intensive nature of the LNG shipping industry and the need to maintain financial flexibility in a dynamic market environment.
ATHENS, Greece, Feb. 10, 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 quarterly cash distribution with respect to the quarter ended December 31, 2024 of
About Dynagas LNG Partners LP
Dynagas LNG Partners LP (NYSE: DLNG) is a master limited partnership which owns and operates 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: management@dynagaspartners.com
Investor Relations/ Financial Media:
Nicolas Bornozis/Markella Kara
Capital Link, Inc.
230 Park Avenue, Suite 15340
New York, NY 10169
Tel. (212) 661-7566
E-mail: dynagas@capitallink.com
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.
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