Recent Distribution Announcement by Dynagas LNG Partners LP
Dynagas LNG Partners LP (NYSE: DLNG), a prominent owner and operator in the LNG carrier sector, has officially announced a cash distribution for its Series A Cumulative Redeemable Perpetual Preferred Units. The Board of Directors has set this distribution at $0.5625 per unit. This announcement highlights the Partnership's commitment to providing value to its preferred unit holders.
Details of the Cash Distribution
The declared distribution is applicable to the preferred units for the period from August 12 until November 11. Payment is scheduled for November 12, to all unit holders recorded by November 4. Such consistent distributions reflect the Partnership's operational stability and financial health.
Regular Payment Schedule of Preferred Units
Distributions on the Series A Preferred Units occur quarterly, on the 12th day of February, May, August, and November. If the 12th coincides with a weekend or public holiday, payments are moved to the next business day. This will mark the 41st cash distribution since the Series A units began trading on the NYSE.
Overview of Dynagas LNG Partners LP
Dynagas LNG Partners LP operates as a master limited partnership focused on liquefied natural gas (LNG) carriers that are leased on multi-year charters. The fleet currently includes six LNG carriers, boasting a total carrying capacity of approximately 914,000 cubic meters. This substantial fleet size underscores the company’s active role within the LNG transportation industry.
Fleet and Operational Efficiency
The LNG carriers operated by Dynagas are designed for efficiency and safety, aligning with the industry’s best practices. The Partnership's focus on maintaining high operational standards ensures reliability in service and performance.
Contact and Investor Relations Information
For any inquiries, you can reach Dynagas LNG Partners at the following:
Dynagas LNG Partners LP
Attention: Michael Gregos
Phone: +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
Phone: (212) 661-7566
Email: dynagas@capitallink.com
Frequently Asked Questions
What is the amount of the cash distribution for the preferred units?
The cash distribution declared is $0.5625 per unit.
When will the distribution be paid?
The distribution will be payable on November 12 to unit holders of record as of November 4.
How often does Dynagas LNG Partners declare distributions?
Distributions are declared quarterly in February, May, August, and November.
What is the capacity of the LNG carriers in Dynagas's fleet?
The fleet has an aggregate capacity of approximately 914,000 cubic meters.
How can investors get in contact with Dynagas LNG Partners?
Investors can contact them through the provided email or phone details listed above.
