Seaspan Corp. (NYSE:SSW) announced a quarterly dividend on Tuesday, October 11th. Stockholders of record on Thursday, October 20th will be paid a dividend of 0.375 per share on Monday, October 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 11.19%.

Seaspan Corp. (NYSE:SSW) last posted its quarterly earnings results on Monday, July 25th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.02. Seaspan Corp. had a return on equity of 10.41% and a net margin of 16.10%. The firm earned $224.31 million during the quarter, compared to the consensus estimate of $217.74 million. During the same quarter in the previous year, the business earned $0.22 earnings per share. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year.

Dividend History for Seaspan Corp. (NYSE:SSW)

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Fund Advisors boosted its position in Seaspan Corp. by 7,876.4% in the second quarter. BlackRock Fund Advisors now owns 155,539 shares of the company’s stock valued at $2,171,000 after buying an additional 153,589 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in Seaspan Corp. by 112.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 157,730 shares of the company’s stock valued at $2,202,000 after buying an additional 83,405 shares during the period. Lombard Odier Asset Management USA Corp acquired a new position in Seaspan Corp. during the second quarter valued at approximately $1,025,000. Vanguard Group Inc. boosted its position in Seaspan Corp. by 35.7% in the second quarter. Vanguard Group Inc. now owns 166,980 shares of the company’s stock valued at $2,331,000 after buying an additional 43,884 shares during the period. Finally, BlackRock Group LTD boosted its position in Seaspan Corp. by 518.1% in the second quarter. BlackRock Group LTD now owns 48,537 shares of the company’s stock valued at $678,000 after buying an additional 40,685 shares during the period. Institutional investors and hedge funds own 11.87% of the company’s stock.

SSW has been the subject of several analyst reports. Clarkson Capital reaffirmed a “neutral” rating on shares of Seaspan Corp. in a research report on Friday, September 23rd. Zacks Investment Research raised Seaspan Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, October 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $16.00.

About Seaspan Corp.

Seaspan Corporation is an independent charter owner and manager of containerships. It charters pursuant to long-term, fixed-rate time charters with various container liner companies. It operates a fleet of approximately 90 containerships. Its operating vessels include YM Wish, YM Wellhead, YM Witness, CSCL Manzanillo and Guayaquil Bridge.

5 Day Chart for NYSE:SSW

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