Dynagas LNG Partners (DLNG) Lowers Quarterly Dividend 40.8% to $0.25; 9.4% Yield
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Dynagas LNG Partners LP Announces Reduction in Quarterly Distribution to $0.25 Per Common Unit
April 18, 2018 8:30 AM EDTMONACO, April 18, 2018 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (NYSE: DLNG) (the Partnership) announced today that, following a strategic review of its financial profile and distribution policy, the Board of Directors of the Partnership has approved a plan to reduce the quarterly distribution on the Partnership's common units to $0.25 per common unit from $0.4225 per common unit, or from $1.69 per common unit to $1.00 per common unit on an annualized basis. The reduction will take effect on May 3, 2018, upon the payment of the common unit distribution with respect to the first quarter of 2018 to... More
