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Dynagas LNG Partners LP Declares Cash Distribution on Its Series A Preferred Units

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Dynagas LNG Partners LP (NYSE: DLNG), an LNG carrier owner and operator, has announced a cash distribution of $0.5625 per unit on its Series A Cumulative Redeemable Perpetual Preferred Units (NYSE: DLNG PR A). This distribution covers the period from August 12, 2024 to November 11, 2024 and is payable on November 12, 2024 to unitholders of record as of November 5, 2024.

The distribution marks the thirty-seventh sequential payment on the Series A Preferred Units since their NYSE listing. Dynagas LNG Partners currently has 3,000,000 Series A Preferred Units outstanding. Distributions are typically paid quarterly on the 12th of February, May, August, and November, subject to Board of Directors' declaration.

Dynagas LNG Partners LP (NYSE: DLNG), proprietario e gestore di navi metaniere, ha annunciato una distribuzione in contante di $0.5625 per unità sulle sue Serie A Cumulative Redeemable Perpetual Preferred Units (NYSE: DLNG PR A). Questa distribuzione copre il periodo dal 12 agosto 2024 al 11 novembre 2024 ed è pagabile il 12 novembre 2024 ai portatori di unità registrati al 5 novembre 2024.

La distribuzione segna il trentasettesimo pagamento consecutivo sulle Serie A Preferred Units dalla loro quotazione in NYSE. Attualmente, Dynagas LNG Partners ha 3.000.000 di Serie A Preferred Units in circolazione. Le distribuzioni vengono normalmente pagate trimestralmente il 12 febbraio, maggio, agosto e novembre, soggette alla dichiarazione del Consiglio di Amministrazione.

Dynagas LNG Partners LP (NYSE: DLNG), propietario y operador de transportes de GNL, ha anunciado una distribución en efectivo de $0.5625 por unidad sobre sus Series A Cumulative Redeemable Perpetual Preferred Units (NYSE: DLNG PR A). Esta distribución cubre el período desde 12 de agosto de 2024 hasta el 11 de noviembre de 2024 y es pagadera el 12 de noviembre de 2024 a los titulares de unidades registrados hasta el 5 de noviembre de 2024.

La distribución marca el trigésimo séptimo pago consecutivo en las Series A Preferred Units desde su cotización en NYSE. Dynagas LNG Partners tiene actualmente 3.000.000 de Series A Preferred Units en circulación. Las distribuciones normalmente se pagan trimestralmente el 12 de febrero, mayo, agosto y noviembre, sujeto a la declaración de la Junta Directiva.

Dynagas LNG Partners LP (NYSE: DLNG), LNG 운송선 소유 및 운영 업체는 현금 배당 $0.5625를 Series A 누적 환매 가능한 영구 우선주( 뉴욕 증권 거래소: DLNG PR A)에 대해 발표했습니다. 이 배당금은 2024년 8월 12일부터 2024년 11월 11일까지의 기간을 다루며, 2024년 11월 12일에 지급됩니다 2024년 11월 5일 기준의 유닛 보유자에게.

이 배당금은 NYSE 상장 이후 Series A 우선주에 대한 서른일곱 번째 연속 지급을 나타냅니다. Dynagas LNG Partners는 현재 3,000,000개의 Series A 우선주를 발행한 상태입니다. 배당금은 일반적으로 이사회 선언에 따라 2월, 5월, 8월, 11월 12일에 분기별로 지급됩니다.

Dynagas LNG Partners LP (NYSE: DLNG), propriétaire et exploitant de navires méthaniers, a annoncé une distribution en espèces de 0,5625 $ par unité sur ses Unités Préférées Cumulatives Rachetables Perpétuelles Série A (NYSE: DLNG PR A). Cette distribution couvre la période du 12 août 2024 au 11 novembre 2024 et est payable le 12 novembre 2024 aux porteurs d'unités inscrits au 5 novembre 2024.

Cette distribution marque le trente-septième paiement consécutif sur les Unités Préférées de Série A depuis leur cotation à la NYSE. Dynagas LNG Partners compte actuellement 3 000 000 d'Unités Préférées de Série A en circulation. Les distributions sont généralement versées trimestriellement le 12 février, mai, août et novembre, sous réserve de déclaration du Conseil d'Administration.

Dynagas LNG Partners LP (NYSE: DLNG), Eigentümer und Betreiber von LNG-Transportern, hat eine Barausschüttung von $0.5625 pro Einheit auf seine Serie A kumulierten zurückkaufbaren unbefristeten Vorzugsaktien (NYSE: DLNG PR A) angekündigt. Diese Ausschüttung deckt den Zeitraum vom 12. August 2024 bis zum 11. November 2024 und ist am 12. November 2024 zahlbar an die Einheitsinhaber, die am 5. November 2024 registriert sind.

Die Ausschüttung markiert die 37. aufeinanderfolgende Zahlung der Serie A Vorzugsaktien seit ihrer Notierung an der NYSE. Dynagas LNG Partners hat derzeit 3.000.000 ausgegebene Serie A Vorzugsaktien. Ausschüttungen erfolgen in der Regel vierteljährlich am 12. Februar, Mai, August und November, vorbehaltlich der Erklärung des Aufsichtsrats.

Positive
  • Consistent quarterly cash distribution maintained for Series A Preferred Units
  • 37th consecutive distribution indicates financial stability
  • 3,000,000 Series A Preferred Units outstanding, suggesting investor interest
Negative
  • None.

Insights

The announcement of a $0.5625 per unit cash distribution on Dynagas LNG Partners LP's Series A Preferred Units is a routine event that occurs quarterly. This distribution maintains the company's commitment to its preferred shareholders, providing a consistent income stream. With 3,000,000 Series A Preferred Units outstanding, the total distribution amounts to $1,687,500.

While this news demonstrates financial stability and the ability to meet obligations to preferred unitholders, it's important to note that preferred distributions don't directly benefit common unitholders. The impact on the company's overall financial health is minimal, as these distributions are likely already factored into the company's cash flow projections.

For investors, this news reaffirms the reliability of the preferred units as an income-generating investment. However, it doesn't provide new insights into the company's operational performance or growth prospects. The consistent payment of preferred distributions is expected and doesn't typically move the needle for the common unit price or overall market perception of DLNG.

ATHENS, Greece, Oct. 22, 2024 (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 August 12, 2024 to November 11, 2024.

The cash distribution is payable on November 12, 2024 to all preferred unit holders of record as of November 5, 2024.

Distributions on the Series A Preferred Units will be payable quarterly in arrears on the 12th day (unless the 12th 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-seventh 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: management@dynagaspartners.com   

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: 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.


FAQ

What is the cash distribution amount for Dynagas LNG Partners' Series A Preferred Units?

Dynagas LNG Partners LP has declared a cash distribution of $0.5625 per unit on its Series A Cumulative Redeemable Perpetual Preferred Units.

When is the payment date for DLNG's latest preferred unit distribution?

The cash distribution is payable on November 12, 2024 to all preferred unit holders of record as of November 5, 2024.

How many Series A Preferred Units does Dynagas LNG Partners (DLNG) have outstanding?

As of the date of the press release, Dynagas LNG Partners LP has 3,000,000 Series A Preferred Units outstanding.

How often does DLNG pay distributions on its Series A Preferred Units?

Distributions on the Series A Preferred Units are payable quarterly in arrears, typically on the 12th day of February, May, August, and November each year, subject to Board of Directors' declaration.

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