TOO - Dynagas: The Virus Resistant High-Yield Preferred Stock And The Hated Common Stock

Few issues are more hated in the shipping sector than Dynagas LNG Partners LP (DLNG). DLNG has lost nearly 90% of its value over the last three years as the dividend was cut and then eliminated altogether. Dynagas LNG Partners LP 8.75 SR B PFD UT (DLNG.PB) now yields 11.2% and trades at a substantial discount to par. DLNG and DLNG.PB are out of favor issues in an out of favor sector. The shipping LNG sector has been pummeled by reduced LNG demand this winter due to the coronavirus and warm