Danaos Corporation (DAC) to Issue Quarterly Dividend of $0.90 on March 4th

Danaos Corporation (NYSE:DAC) announced a quarterly dividend on Monday, February 9th. Shareholders 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 yield of 3.4%. The ex-dividend date is Monday, February 23rd.

Danaos has a payout ratio of 13.7% indicating that 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 Up 2.1%

Shares of NYSE DAC opened at $105.13 on Wednesday. The business’s 50 day moving average is $98.15 and its two-hundred day moving average is $94.23. Danaos has a 52-week low of $65.40 and a 52-week high of $107.60. The company has a quick ratio of 4.51, a current ratio of 4.62 and a debt-to-equity ratio of 0.18. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 3.93 and a beta of 1.08.

Danaos (NYSE:DAC) last issued its quarterly earnings results on Monday, February 9th. The shipping company reported $7.14 earnings per share for the quarter, topping the consensus estimate of $6.46 by $0.68. Danaos had a return on equity of 13.50% and a net margin of 47.45%.The company had revenue of $266.27 million for the quarter, compared to the consensus estimate of $253.00 million. Research analysts predict 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.