Dynagas LNG Partners Announces Series A Cash Distribution
Overview of Recent Cash Distribution
Dynagas LNG Partners LP, recognized in the field of liquefied natural gas (LNG) transportation, has declared a cash distribution of $0.5625 per unit on its Series A Cumulative Redeemable Perpetual Preferred Units (Series A Preferred Units) covering the period from May to August.
Distribution Schedule and Details
This cash distribution is set to be paid on the twelfth of August to all preferred unit holders of record as of August fifth. The schedule outlines that distributions on the Series A Preferred Units will occur on a quarterly basis in arrears.
Consistent Payment History
The upcoming payment will mark the fortieth consecutive cash distribution since the Series A Preferred Units commenced trading. This consistency highlights the partnership’s commitment to delivering value to its unit holders.
About Dynagas LNG Partners LP
Dynagas LNG Partners LP is structured as a master limited partnership owning and operating LNG carriers that are engaged in multi-year charters. The partnership boasts a robust fleet comprising six LNG carriers, collectively providing an approximate carrying capacity of 914,000 cubic meters for transporting LNG.
Industry Positioning and Strengths
Dynagas LNG Partners LP is strategically positioned in the market, understanding that stability and reliability are vital in the dynamic LNG industry. With ongoing global demand for natural gas, exploiting the benefits of long-term contracts ensures predictability and financial resilience for the partnership.
Future Growth Opportunities
The partnership is actively pursuing growth strategies, which may include expanding its fleet or enhancing operational efficiencies. As the global shift towards cleaner energy continues, the demand for LNG is projected to rise, providing promising opportunities for future partnerships and contracts.
Company Contact Information
For further inquiries or details regarding the recent cash distribution, Dynagas LNG Partners LP can be contacted directly. Contact: Michael Gregos
Tel: +30 210 8917960
Email: management@dynagaspartners.com
Frequently Asked Questions
What is the amount of the cash distribution declared by Dynagas LNG Partners?
The cash distribution is set at $0.5625 per unit on its Series A Preferred Units.
When is the cash distribution scheduled to be paid?
The distribution is scheduled to be paid on August 12.
How many Series A Preferred Units does the Partnership have outstanding?
As of the latest report, the Partnership has 3,000,000 Series A Preferred Units outstanding.
What does Dynagas LNG Partners LP focus on?
The partnership primarily focuses on owning and operating LNG carriers that are typically engaged in long-term charter agreements.
How can I contact Dynagas LNG Partners LP for more information?
You can reach them via email at management@dynagaspartners.com or by phone at +30 210 8917960.
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