Dynagas LNG Partners (NYSE: DLNG) declares $0.5625 Series A preferred distribution
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Dynagas LNG Partners LP declared a cash distribution of $0.5625 per Series A preferred unit for the period from February 12, 2026 to May 11, 2026. The distribution is payable on May 12, 2026 to Series A preferred unitholders of record as of May 5, 2026.
This represents the forty-third sequential cash distribution on these preferred units, of which 3,000,000 units are outstanding. Dynagas LNG Partners is a master limited partnership that owns and operates six LNG carriers with aggregate capacity of about 914,000 cubic meters, employed on multi-year charters.
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Key Figures
Series A distribution per unit: $0.5625 per unit
Record date: May 5, 2026
Payment date: May 12, 2026
+4 more
7 metrics
Series A distribution per unit
$0.5625 per unit
For the period February 12, 2026 to May 11, 2026
Record date
May 5, 2026
Series A preferred cash distribution record date
Payment date
May 12, 2026
Scheduled payment date for declared Series A distribution
Series A units outstanding
3,000,000 units
Series A Preferred Units outstanding as of press release date
Sequential distribution count
43 distributions
Forty-third sequential cash distribution on Series A Preferred Units
Fleet size
6 LNG carriers
Current fleet owned and operated by the partnership
Fleet capacity
Approximately 914,000 cubic meters
Aggregate LNG carrying capacity of six carriers
Key Terms
Series A Cumulative Redeemable Perpetual Preferred Units, quarterly in arrears, master limited partnership, forward-looking statements, +1 more
5 terms
Series A Cumulative Redeemable Perpetual Preferred Units financial
"cash distribution of $0.5625 per unit on its Series A Cumulative Redeemable Perpetual Preferred Units"
quarterly in arrears financial
"Distributions on the Series A Preferred Units will be payable quarterly in arrears on the 12th day"
master limited partnership financial
"Dynagas LNG Partners LP is a master limited partnership which owns and operates liquefied natural gas (LNG) carriers"
A master limited partnership is a type of business structure that combines features of a corporation and a partnership, allowing it to raise money from investors while passing profits directly to them. Think of it as a shared ownership group that offers regular income, making it attractive to investors seeking steady cash flow. This structure is often used by companies involved in natural resources or energy, where consistent revenue is common.
forward-looking statements regulatory
"Matters discussed in this press release may constitute forward-looking statements."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
multi-year charters financial
"owns and operates liquefied natural gas (LNG) carriers employed on multi-year charters"
FAQ
What distribution did Dynagas LNG Partners (DLNG) declare on its Series A preferred units?
Dynagas LNG Partners declared a cash distribution of $0.5625 per Series A preferred unit. The payment covers the period from February 12, 2026 to May 11, 2026 and reflects the partnership’s ongoing policy of quarterly distributions on these preferred securities.
When is the record date and payment date for DLNG’s Series A preferred distribution?
The distribution will be paid on May 12, 2026 to Series A preferred unitholders of record on May 5, 2026. Investors must be recorded as holders on the May 5 record date to receive the May 12 cash distribution for this quarterly period.
How many Dynagas Series A preferred units are outstanding as of this announcement?
Dynagas LNG Partners reports 3,000,000 Series A Preferred Units outstanding as of the press release date. This figure indicates the scale of preferred equity entitled to the declared $0.5625 per unit cash distribution for the stated quarterly distribution period.
How often does Dynagas LNG Partners pay distributions on its Series A preferred units?
Distributions on the Series A Preferred Units are payable quarterly in arrears on the 12th day of February, May, August and November. Payments occur when, as and if declared by the Board, and this announcement represents the forty-third sequential cash distribution on the series.
What kind of shipping assets does Dynagas LNG Partners (DLNG) operate?
Dynagas LNG Partners operates a fleet of six liquefied natural gas (LNG) carriers with aggregate carrying capacity of about 914,000 cubic meters. These vessels are employed on multi-year charters, providing transportation services for LNG under long-term commercial arrangements.
What is notable about this Dynagas Series A preferred distribution in sequence?
The partnership states this is the forty-third sequential cash distribution on its Series A Preferred Units since they began trading on the NYSE. This highlights a long history of consecutive quarterly payments on the series, assuming continued Board declarations over time.
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