Seanergy Maritime Holdings Corp (NASDAQ:SHIP) Announces Quarterly Dividend of $0.20

Seanergy Maritime Holdings Corp (NASDAQ:SHIP) announced a quarterly dividend on Thursday, May 28th. Stockholders of record on Monday, June 29th will be paid a dividend of 0.20 per share by the shipping company on Friday, July 10th. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Monday, June 29th.

Seanergy Maritime has a payout ratio of 29.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Seanergy Maritime to earn $1.43 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 55.9%.

Seanergy Maritime Stock Performance

NASDAQ SHIP traded down $0.71 on Thursday, hitting $14.15. 641,486 shares of the stock were exchanged, compared to its average volume of 242,996. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.85 and a quick ratio of 0.83. The business’s fifty day moving average is $14.46 and its 200 day moving average is $12.06. Seanergy Maritime has a 52 week low of $6.10 and a 52 week high of $16.81. The company has a market capitalization of $295.74 million, a PE ratio of 14.15 and a beta of 0.94.

Analyst Ratings Changes

Several equities analysts have commented on SHIP shares. B. Riley Financial upped their price objective on shares of Seanergy Maritime from $15.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Seanergy Maritime in a report on Friday, March 27th. Wall Street Zen upgraded shares of Seanergy Maritime from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. Noble Financial restated an “outperform” rating on shares of Seanergy Maritime in a report on Monday, February 9th. Finally, Zacks Research raised Seanergy Maritime from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Seanergy Maritime currently has a consensus rating of “Buy” and an average target price of $17.00.

Seanergy Maritime Company Profile

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) is a dry bulk shipping company that provides seaborne transportation services for major commodities, including iron ore, coal and grain. The company’s operations encompass both time charter and voyage charter contracts, enabling customers to secure vessel capacity on either a fixed-rate or spot basis. Its client base includes commodity producers, trading houses and industrial end users seeking global logistics solutions for bulk materials.

The company’s core assets consist of a fleet of modern dry bulk carriers, spanning Capesize, Panamax and Supramax classes.