Dynagas LNG Partners LP Declares Cash Distribution for Series A Preferred Units

Dynagas LNG Partners LP has announced its Board of Directors' decision to declare a cash distribution of $0.5625 per unit on its Series A Cumulative Redeemable Perpetual Preferred Units (DLNG PR A) for the period from February 12, 2025, to May 11, 2025. This distribution is payable on May 12, 2025, to all preferred unit holders of record as of May 5, 2025. This marks the thirty-ninth sequential cash distribution on the Series A Preferred Units since they began trading on the NYSE. The Partnership has 3,000,000 Series A Preferred Units outstanding.

Key Takeaways:

  • The distribution of $0.5625 per unit on Series A Preferred Units will be payable on May 12, 2025, to all preferred unit holders of record as of May 5, 2025.
  • The distribution is the thirty-ninth sequential cash distribution on the Series A Preferred Units since they began trading on the NYSE.
  • Distributions on the Series A Preferred Units are payable quarterly in arrears on the 12th day of February, May, August, and November of each year.
  • The Partnership's current fleet consists of six LNG carriers with an aggregate carrying capacity of approximately 914,000 cubic meters.
  • The Partnership has 3,000,000 Series A Preferred Units outstanding.

Statistics:

  • $0.5625 per unit cash distribution declared for Series A Preferred Units.
  • 38 sequential cash distributions on the Series A Preferred Units prior to this announcement.
  • Quarterly distribution payment dates: February 12th, May 12th, August 12th, and November 12th.
  • 6 LNG carriers in the Partnership's current fleet.
  • Aggregate carrying capacity of approximately 914,000 cubic meters.

Sources:

  • "Dynagas LNG Partners LP Declares Cash Distribution for Series A Preferred Units" by Dynagas LNG Partners LP (published May 2025)