Dynagas LNG Partners LP’s Preferred Units Yielding Over 11% Amid Market Fluctuations

In trading on Thursday, shares of Dynagas LNG Partners LP’s 8.75% Series B Fixed to Floating Rate Cumulative Redeemable Perpetual Preferred Units (Symbol: DLNG.PRB) yielded above the 11% mark. This yield is based on its quarterly dividend, which is annualized to $2.7091. On the same day, shares traded as low as $24.61.

By comparison, the average yield in the “Oil & Gas Equipment & Services” preferred stock category stands at 7.04%, according to Preferred Stock Channel. At the last close, DLNG.PRB was priced at a 0.80% discount to its liquidation preference amount, while the average discount in its category was just 0.20%.

Here is a dividend history chart for DLNG.PRB, detailing historical dividend payments on Dynagas LNG Partners LP’s 8.75% Series B Fixed to Floating Rate Cumulative Redeemable Perpetual Preferred Units:

During Thursday’s trading session, Dynagas LNG Partners LP’s preferred units were up approximately 0.4%. In contrast, the company’s common shares (Symbol: DLNG) experienced a decline of about 3.1%.

Click here to find out the 50 highest yielding preferreds »

Also see:

• BABX Options Chain
• Institutional Holders of RIOM
• JKG market cap history

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