Dynagas LNG declares cash distribution on preferred units

Dynagas LNG Partners, a partnership formed by Greek shipping company Dynagas, has declared a cash distribution of $0.5625 per unit on its Series A Preferred Units.

Dynagas LNG Partners owns and operates liquefied natural gas (LNG) carriers employed on multi-year charters. Its current fleet consists of six LNGCs, with an aggregate carrying capacity of approximately 914,000 cubic metres.

The partnership says its board of directors declared a cash distribution of $0.5625 per unit; specifically for the period from 12 November 2021 to 11 February 2022.

This is payable on 14 February 2022 to all preferred unitholders of record as of 7 February 2022.

Distributions on the Series A Preferred Units will be payable quarterly in arrears on the 12^th day of February, May, August, and November of each year, when, as and if declared by the board of directors.

This is the twenty-sixth sequential cash distribution on the preferred units since they began trading on the NYSE.

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