Markets
SEA

Dynagas LNG Partners Series A Cumulative Redeemable Preferred Units Goes Ex-Dividend Soon

Shutterstock photo
Shutterstock photo

Shutterstock photo

On 8/3/16, Dynagas LNG Partners LP's 9.00% Series A Cumulative Redeemable Preferred Units (Symbol: DLNG.PRA) will trade ex-dividend, for its quarterly dividend of $0.5625, payable on 8/12/16. As a percentage of DLNG.PRA's recent share price of $24.87, this dividend works out to approximately 2.26%, so look for shares of DLNG.PRA to trade 2.26% lower - all else being equal - when DLNG.PRA shares open for trading on 8/3/16. On an annualized basis, the current yield is approximately 9.04%, which compares to an average yield of 8.45% in the "Energy" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of DLNG.PRA shares, versus DLNG:

Performance Comparison Chart

Below is a dividend history chart for DLNG.PRA, showing historical dividends prior to the most recent $0.5625 on Dynagas LNG Partners LP's 9.00% Series A Cumulative Redeemable Preferred Units :

DLNG.PRA+Dividend+History+Chart

According to the ETF Finder at ETF Channel, Dynagas LNG Partners LP (Symbol: DLNG) makes up 2.58% of the Guggenheim Shipping ETF ( SEA ) which is trading lower by about 2.4% on the day Monday.

In Monday trading, Dynagas LNG Partners LP's 9.00% Series A Cumulative Redeemable Preferred Units (Symbol: DLNG.PRA) is currently down about 0.1% on the day, while the common shares (Symbol: DLNG) are off about 3.1%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

SEA DLNG DLNG.PRA