Danaos Corporation (NYSE:DAC) Announces Quarterly Dividend of $1.00

Posted by Teresa Graham on Oct 1st, 2026

Danaos Corporation (NYSE:DAC – Get Free Report) announced a quarterly dividend on Thursday, October 1st. Stockholders of record on Tuesday, October 13th will be given a dividend of $1.00 per share by the shipping company on Thursday, October 22nd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, October 13th. This is a 11.1% increase from Danaos’s previous quarterly dividend of $0.90.

Danaos has a payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings.

Danaos Trading Up 4.5%

Shares of Danaos stock traded up $7.01 on Thursday, hitting $161.32. The stock had a trading volume of 193,131 shares, compared to its average volume of 97,732. The company has a quick ratio of 9.15, a current ratio of 9.30 and a debt-to-equity ratio of 0.29. Danaos has a one year low of $83.56 and a one year high of $163.64. The stock’s 50-day simple moving average is $149.02 and its two-hundred day simple moving average is $132.51. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 5.46 and a beta of 0.87.

Danaos (NYSE:DAC – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The shipping company reported $7.29 EPS for the quarter, beating analysts’ consensus estimates of $6.80 by $0.49. The company had revenue of $274.37 million during the quarter, compared to analyst estimates of $258.27 million. Danaos had a net margin of 51.26% and a return on equity of 13.20%.

Danaos Company Profile

(Get Free Report)

Danaos Corporation is a Greece-based international owner and operator of containerships. The company provides vessels for the transportation of containerized cargo and generally charters its ships to major liner companies, which use them to serve global trade routes.

Founded in 1972, Danaos has developed a fleet serving customers across major shipping markets and geographic regions. Its operations support the movement of manufactured goods, consumer products, industrial materials and other cargo transported in standardized shipping containers.

Danaos is headquartered in Piraeus, Greece, and its management is led by Dr.