Dynagas LNG Partners LP Declares Cash Distribution on Its Series A Preferred Units

Rhea-AI Summary

Dynagas LNG Partners (NYSE:DLNG), an LNG carrier operator, has declared a quarterly cash distribution of $0.5625 per unit on its Series A Cumulative Redeemable Perpetual Preferred Units (NYSE:DLNG PR A). The distribution covers the period from May 12, 2025 to August 11, 2025, payable on August 12, 2025, to unitholders of record as of August 5, 2025.

This marks the 40th consecutive quarterly distribution on the Series A Preferred Units since their NYSE listing. The Partnership currently has 3,000,000 Series A Preferred Units outstanding.

Positive

• Maintained consistent quarterly preferred dividend payments for 40 consecutive quarters
• Stable distribution rate of $0.5625 per preferred unit

Negative

• None.

ATHENS, Greece, July 24, 2025 (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 declared a cash distribution of $0.5625 per unit on its Series A Cumulative Redeemable Perpetual Preferred Units (the “Series A Preferred Units”) (NYSE: DLNG PR A) for the period from May 12, 2025 to August 11, 2025.

The cash distribution is payable on August 12, 2025 to all preferred unit holders of record as of August 5, 2025.

Distributions on the Series A Preferred Units will be payable quarterly in arrears on the 12^th day (unless the 12^th falls on a weekend or public holiday, in which case the payment date is moved to the next business day) of February, May, August and November of each year, when, as and if declared by our Board of Directors. This is the fortieth 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 as of the date of this press release.

About Dynagas LNG Partners LP

Dynagas LNG Partners LP. (NYSE: DLNG) is a master limited partnership which owns and operates liquefied natural gas (LNG) carriers employed on multi-year charters. The Partnership’s current fleet consists of six LNG carriers, with aggregate carrying capacity of approximately 914,000 cubic meters. Visit the Partnership’s website at www.dynagaspartners.com  

Contact Information:
Dynagas LNG Partners LP
Attention: Michael Gregos
Tel. +30 210 8917960
Email: management@dynagaspartners.com   

Investor Relations/ Financial Media:
Nicolas Bornozis/Markella Kara
Capital Link, Inc.
230 Park Avenue, Suite 1540
New York, NY 10169
Tel. (212) 661-7566
E-mail: dynagas@capitallink.com

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

The Partnership desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “expected,” “pending” and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, examination by the Partnership’s management of historical operating trends, data contained in its records and other data available from third parties. Although the Partnership believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Partnership’s control, the Partnership cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.

In addition to these important factors, other important factors that, in the Partnership’s view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for Liquefied Natural Gas (LNG) shipping capacity, changes in the Partnership’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Partnership’s vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessel breakdowns and instances of off-hires and other factors. Please see our filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and the Partnership disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.

FAQ

What is the dividend amount for Dynagas LNG Partners (DLNG) Series A Preferred Units?

Dynagas LNG Partners declared a quarterly cash distribution of $0.5625 per unit on its Series A Preferred Units.

When is the DLNG Series A Preferred dividend payment date?

The dividend will be paid on August 12, 2025 to unitholders of record as of August 5, 2025.

How many Series A Preferred Units does Dynagas LNG Partners have outstanding?

Dynagas LNG Partners has 3,000,000 Series A Preferred Units outstanding as of the announcement date.

How often does DLNG pay dividends on Series A Preferred Units?

DLNG pays dividends on Series A Preferred Units quarterly, typically on the 12th day of February, May, August, and November, subject to board declaration.

How long has DLNG been paying dividends on Series A Preferred Units?

This marks the 40th sequential quarterly distribution since the Series A Preferred Units began trading on the NYSE.