High-Dividend Stock Yields 12%, Reports Record Earnings, Selling Below Book Value

What's your favorite acronym - M&A, REIT, MLP or maybe just R&R? Here are two you might want to get to know better: FSRU - Floating Storage Regasification Unit, and LNG - Liquefied Natural Gas. This stock yields 11.92%, with strong 1.31x dividend coverage. They just reported Q3 growth of 16% in revenue, 22% in EBITDA, and 21% in distributable cash flow. It also has preferred shares that are selling very close to par value.

We've owned Dynagas LNG Partners LP (NYSE:DLNG) for some time now and have covered it in several past articles. DLNG owns a fleet of six specialized LNG vessels, five of which are capable of traversing the harsh weather conditions in the Arctic sea routes. Dynagas GP LLC serves as the general partner of Dynagas LNG Partners LP. DLNG was founded in 2013 and is headquartered in Monaco. There are strong trends in the LNG industry. Bigger supplies are starting to emerge - mainly from Australia and the US.

Source: Seeking Alpha

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