Dynagas LNG Partners increases cash distribution

Dynagas LNG Partners said that its board of directors has declared a quarterly cash distribution with respect to the quarter ended December 31, 2014 of $0.4225 per unit.

Dynagas LNG Partners said that its board of directors has declared a quarterly cash distribution with respect to the quarter ended December 31, 2014 of $0.4225 per unit. 

This represents an 8.3% increase from the prior quarter’s distribution of $0.39 per unit and reflects the contribution to operating results for a full quarter of the Partnership’s 2013 built LNG carrier Yenisei River, which was acquired from Dynagas Holding, the Partnership’s sponsor, and delivered to the Partnership on September 25, 2014.

The cash distribution is payable on or about February 12, 2015 to unitholders of record as of February 5, 2015, the company said in a statement.

This further increase in the Partnership’s cash distributions corresponds to an estimated annualized cash distribution of $1.69 per unit, representing an aggregate increase in the Partnership’s cash distributions of 15.8% since its initial public offering in November 2013.

Press Release; Image: Dynagas LNG Partners

Share this article

Follow LNG World News

Events>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

4th PNG Petroleum & Energy Summit

The CWC Group, in partnership with Kumul Petroleum Holdings Ltd.

read more >

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

CWC World LNG & Gas Series: 12th Asia Pacific Summit

The 2020 Summit will offer an unrivaled programme covering relevant and significant discussion topics…

read more >