Danaos Corporation (NYSE:DAC) Plans $0.90 Quarterly Dividend

Danaos Corporation (NYSE:DAC) announced a quarterly dividend on Monday, February 9th. Investors 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 3.5%. The ex-dividend date of this dividend is Monday, February 23rd.

Danaos has a dividend payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings. 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 1.3%

NYSE:DAC opened at $103.42 on Tuesday. The company has a current ratio of 4.62, a quick ratio of 4.51 and a debt-to-equity ratio of 0.18. Danaos has a twelve month low of $65.40 and a twelve month high of $104.83. The company has a market cap of $1.96 billion, a PE ratio of 4.13 and a beta of 1.08. The company’s 50 day moving average is $97.98 and its two-hundred day moving average is $94.13.

Danaos (NYSE:DAC) last posted its quarterly earnings data on Monday, February 9th. The shipping company reported $7.14 EPS for the quarter, topping the consensus estimate of $6.46 by $0.68. Danaos had a net margin of 45.16% and a return on equity of 13.49%. The business had revenue of $266.27 million during the quarter, compared to the consensus estimate of $253.00 million. Analysts anticipate that Danaos will post 29.21 EPS for the current year.

About Danaos

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.