Dynagas LNG Partners LP Announces Reduction in Quarterly Distribution to $0.25 Per Common Unit
Dynagas LNG Partners LP Common Units (DLNG)
Last dynagas lng partners lp common units earnings: 3/12 04:05 pm
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US:NASDAQ Investor Relations:
dynagaspartners.com
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Source: GlobeNewswire
MONACO, April 18, 2018 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (NYSE:DLNG) (the “Partnership”) announced today that, following a strategic review of its financial profile and distribution policy, the Board of Directors of the Partnership has approved a plan to reduce the quarterly distribution on the Partnership's common units to $0.25 per common unit from $0.4225 per common unit, or from $1.69 per common unit to $1.00 per common unit on an annualized basis. The reduction will take effect on May 3, 2018, upon the payment of the common unit distribution with respect to the first quarter of 2018 to common unitholders of record as of the close of business on April 26, 2018. Tony Lauritzen, Chief Executive Officer of the Partnership, commented: “This decision by our Board of Directors to reduce the level of the Partnership's quarterly common unit distribution is necessary to align the Partnership's distribution level with its capacity to generate cash flow in the long term. Despit
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News
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- Dynagas LNG Partners LP (NYSE: DLNG) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
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- What Makes Dynagas (DLNG) a New Buy Stock [Yahoo! Finance]Yahoo! Finance
DLNG
Earnings
- 3/28/24 - Miss
DLNG
Sec Filings
- 3/29/24 - Form 6-K
- 2/5/24 - Form SC
- 2/1/24 - Form 6-K
- DLNG's page on the SEC website