Dynagas LNG Declares Cash Distribution
Dynagas LNG Partners LP, an owner and operator of LNG carriers, has 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 for the period from November 12, 2016 to February 11, 2017.
The cash distribution is payable on or about February 13, 2017 to all preferred unit holders of record as of February 5, 2017.
Distributions on the Series A Preferred Units will be payable quarterly in arrears on the 12th day of February, May, August and November of each year, when, as and if declared by our Board of Directors. This is the sixth 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.
The current fleet of Dynagas Partners consists of six LNG carriers, with an aggregate carrying capacity of approximately 913,980 cubic meters.