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With Middle East tensions calming, gas prices stabilizing, and hydraulic fracturing expanding at a meteoric clip, LNG stock news is quite positive, as investors flock into this thriving sector.
Dynagas LNG Partners LP (Nasdaq: DLNG), whose IPO went live just three months ago, reported fourth-quarter income of $11.0 million (up 25% from fourth quarter 2012) and annual income for 2013 of $45.6 million. Its first dividend, pro-rated to the IPO date, was $.17 per share, or $1.47 per share annualized from present income. This sizable dividend supports the market's bullish reaction to this newly-traded stock, which has soared 20% from an $18 IPO to $22.30 as of closing Feb. 24. This stock's rapid ascendency combined with the partnership's income statement make it one to watch closely over the coming months.