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Actionable news in DLNG: DYNAGAS LNG PARNERS LP,

High-Dividend Stock Yields 15%, Has 20% Cash Flow Growth, 35% Revenue Growth

This stock's common distribution yields over 15%, with 1.15x coverage.

It just announced two new contracts that extended its average contract life to nearly eight years, and will increase its cash flow substantially.

It also has preferred shares which yield over 10% that are 15% below their call value.

Looking for well-covered high dividend yields? This week, we're sailing back into the shipping lanes, in fact, some very cold shipping lanes, to look at a high dividend stock which we've covered in some of our previous articles, Dynagas LNG Partners LP (NYSE:DLNG).

Profile: Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry worldwide. The company owns and operates liquefied natural gas (LNG) vessels. As of January 21, 2016, its fleet consisted of six LNG carriers, with an aggregate carrying capacity of approximately 913,980 cubic meters. Dynagas GP LLC serves as the general partner of Dynagas LNG Partners LP. The company was founded in 2013 and is based in Monaco.

(Source: DLNG website)

DLNG not only has LNG vessels, but it also has the only fleet of LNG vessels which can sail the harsh arctic conditions in the Northern Sea routes.

DLNG's business model is one of our favorite types - long-term fee-based contracts, which provide ample, stable cash flow for distributions. It grows its operations via dropdown acquisitions from its sponsor.

(Source: DLNG website)

In fact, it just announced two new time charters on vessels that it acquired from its sponsor. In late 2015, DLNG bought the Lena River, which it just put into a new long-term time charter agreement for the Yamal LNG Project. The Yamal LNG Project is an LNG production terminal that is currently being constructed on the Yamal Peninsula in Northern Russia.

The Lena River is expected to join the Yamal LNG Project to support LNG deliveries from...


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