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Stock impact report

Dynagas LNG Partners Announces Reduction in Quarterly Distribution to $0.0625 Per Common Unit for the Fourth Quarter 2018

Dynagas LNG Partners LP Common Units (DLNG) 
Last dynagas lng partners lp common units earnings: 3/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: dynagaspartners.com
Company Research Source: GlobeNewswire
MONACO, Jan. 25, 2019 (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 reduced its quarterly cash distribution to $0.0625 per common unit with respect to the quarter ended December 31, 2018 from $0.25 per common unit in prior quarters.  The cash distribution to common unitholders is payable on February 14, 2019 to all common unitholders of record on February 7, 2019.  There are no changes to the quarterly cash distributions relating to any of the Partnership’s outstanding preferred units. Tony Lauritzen, CEO of Dynagas LNG Partners LP commented: “Our Board of Directors believes that the decision to reduce our cash distribution to common unitholders is necessary in order to retain more of the cash generated from the Partnership’s long term contracts to maintain a steady cash balance and to facilitate the refinancing of the Partnership's $250 million notes which m Show less Read more
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