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Dynagas LNG Partners: The Floating Rate Preferred Shares Currently Yield About 11%
DLNGDynagas LNG Partners LP(DLNG) Seeking Alpha·2024-04-14 14:40
undefined Introduction As Dynagas LNG Partners (NYSE:DLNG) hasn’t paid a dividend on its common shares since 2019, I have been focusing on the preferred shares. One of the two series of preferred shares recently moved from a fixed rate to a floating rate preferred dividend. As the preferred dividends remain very well-covered and as the partnership hasn’t skipped a single preferred dividend (despite having suspended the payments on its common shares), I feel like both series of preferred shares remain re ...