Dynagas LNG Partners Announces Series A Preferred Cash Distribution
Exciting Cash Distribution Announcement
Dynagas LNG Partners LP (NYSE: DLNG), an esteemed owner and operator of LNG carriers, has made an exciting announcement that is sure to please its investors. The company has declared a cash distribution of $0.5625 per unit for its Series A Cumulative Redeemable Perpetual Preferred Units. This distribution accounts for the period between November and February of the upcoming year.
Details of the Cash Distribution
The cash distribution will be payable to all preferred unit holders of record by the specified date in February. Investors can expect to receive this distribution on February 12, ensuring a smooth process for those who maintain their units.
Schedule of Future Distributions
It's important for investors to note that distributions on the Series A Preferred Units will be processed quarterly, specifically on the 12th day of February, May, August, and November each year, contingent upon the decisions made by the Board of Directors. This marks the thirty-eighth consecutive cash distribution since the Series A Preferred Units began their journey on the NYSE.
Current Status of Preferred Units
As of this announcement, the Partnership boasts a total of 3,000,000 Series A Preferred Units outstanding. This figure not only exemplifies investor interest but also the company’s commitment to maintaining a reliable distribution strategy.
About Dynagas LNG Partners
Dynagas LNG Partners LP (NYSE: DLNG) operates as a master limited partnership, managing a fleet of liquefied natural gas carriers utilized in multi-year charters. Currently, the fleet consists of six LNG carriers, collectively holding the capacity of approximately 914,000 cubic meters. The strength of Dynagas in the market speaks to its operational excellence in delivering liquefied natural gas efficiently.
Contact Information for Further Inquiries
For any inquiries regarding this distribution or for further information, interested parties can contact the Partnership directly. Michael Gregos, representing Dynagas LNG Partners LP, is available at +30 210 8917960. Additionally, inquiries can be directed to management@dynagaspartners.com.
Frequently Asked Questions
What does the cash distribution mean for investors?
The cash distribution represents a return on investment for unit holders, affirming the company's commitment to rewarding its shareholders.
How often are cash distributions made?
Cash distributions are typically made quarterly, with payments scheduled for February, May, August, and November.
What is the significance of the Series A Preferred Units?
The Series A Preferred Units provide investors with a steady income stream, as they are designed to pay regular dividends.
How many Series A Preferred Units are currently outstanding?
As reported, there are currently 3,000,000 Series A Preferred Units outstanding.
Where can I find more details about Dynagas LNG Partners?
More comprehensive information about Dynagas LNG Partners LP can be found by visiting their official website.
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