LNGC owner and operator, Dynagas LNG Partners’ board has declared a cash distribution of $0.546875 per unit on its Series B Fixed to Floating Cumulative Redeemable Perpetual Preferred Units.
The distribution will be for the period between 22nd May to 21st August, 2022.
It is payable on 22nd August to all preferred unit holders of record as of 15th August, 2022.
Distributions on the Series B Preferred Units will be payable quarterly in arrears on the 22nd day (unless this falls on a weekend or public holiday, in which case the payment date is moved to the next business day) of February, May, August and November of each year, when, and if declared by the Board.
Dynagas said that this was the 15th sequential cash distribution on the Series B Preferred Units since trading began on the NYSE.
The Partnership has 2,200,000 Series B Preferred Units outstanding as of 1st August.
