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

Seanergy Maritime Holdings Corp (NASDAQ:SHIP) declared a quarterly dividend on Thursday, May 28th. Shareholders 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 yield of 5.7%. The ex-dividend date of this dividend is Monday, June 29th.

Seanergy Maritime has a dividend payout ratio of 29.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 Down 4.8%

SHIP stock traded down $0.71 during trading on Thursday, reaching $14.15. The stock had a trading volume of 641,486 shares, compared to its average volume of 242,996. The firm has a fifty day moving average price of $14.46 and a 200 day moving average price of $12.06. The company has a market capitalization of $295.74 million, a P/E ratio of 14.15 and a beta of 0.94. Seanergy Maritime has a 1-year low of $6.10 and a 1-year high of $16.81. The company has a current ratio of 0.85, a quick ratio of 0.83 and a debt-to-equity ratio of 0.84.

About Seanergy Maritime

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.