Danaos Corporation to Issue Quarterly Dividend of $0.90 (NYSE:DAC)

Danaos Corporation (NYSE:DAC) announced a quarterly dividend on Monday, February 9th. Stockholders of record on Monday, February 23rd will be given a dividend of 0.90 per share by the shipping company on Wednesday, March 4th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, February 23rd.

Danaos has a payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Danaos to earn $28.23 per share next year, which means the company should continue to be able to cover its $3.60 annual dividend with an expected future payout ratio of 12.8%.

Danaos Stock Performance

NYSE:DAC opened at $104.56 on Tuesday. Danaos has a fifty-two week low of $65.40 and a fifty-two week high of $105.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 4.51 and a current ratio of 4.62. The company has a 50 day moving average price of $97.98 and a 200 day moving average price of $94.13. The stock has a market capitalization of $1.99 billion, a P/E ratio of 4.18 and a beta of 1.08.

Danaos (NYSE:DAC) last released its quarterly earnings results on Monday, February 9th. The shipping company reported $7.14 EPS for the quarter, topping analysts’ consensus estimates of $6.46 by $0.68. Danaos had a return on equity of 13.49% and a net margin of 45.16%.The company had revenue of $266.27 million for the quarter, compared to analysts’ expectations of $253.00 million. Equities research analysts forecast that Danaos will post 29.21 EPS for the current year.

Danaos Company Profile

Danaos Corporation is a leading independent owner and manager of containerships, specializing in long-term charters of modern vessels to major liner companies worldwide. The company’s core services include vessel acquisition and sale, technical and crew management, and commercial chartering, all aimed at supporting global containerized trade. Danaos leverages its in-house expertise in operations, maintenance and regulatory compliance to ensure reliable and efficient fleet performance.

Founded in 1972 by Dr.