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Dynagas LNG Partners LP (DLNG)

  • Sep. 23, 2014, 4:29 PM
    • Dynagas LNG Partners (NASDAQ:DLNG) agrees to buy ownership interests in the entity that owns and operates the Yenisei River, a 2013 built ice class liquefied natural gas carrier, and the related time charter contract, from Dynagas Holding for $257.5M.
    • DLNG believes the deal is an accretive transaction consistent with its growth strategy.
    • Following completion, DLNG says it will recommend an increase quarterly cash distribution per unit of $0.03-$0.035, or annualized increase of $0.12-$0.14.
    | Sep. 23, 2014, 4:29 PM | 1 Comment
DLNG vs. ETF Alternatives
Company Description
Dynagas LNG Partners LP owns and operates liquefied natural gas (LNG) vessels. It is engaged in operating and providing reliable seaborne transportation services to its customers.
Sector: Services
Industry: Shipping
Country: Greece