Seanergy Maritime Holdings Corp. (NASDAQ:SHIP – Get Free Report) announced a quarterly dividend on Tuesday, November 5th, Zacks reports. Shareholders of record on Friday, December 27th will be given a dividend of 0.26 per share by the shipping company on Friday, January 10th. This represents a $1.04 annualized dividend and a dividend yield of 10.69%. The ex-dividend date is Friday, December 27th. This is a boost from Seanergy Maritime’s previous quarterly dividend of $0.25.
Seanergy Maritime has a dividend payout ratio of 35.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Seanergy Maritime to earn $2.26 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 44.2%.
Seanergy Maritime Stock Down 0.7 %
Shares of NASDAQ SHIP traded down $0.07 during midday trading on Wednesday, reaching $9.73. The company’s stock had a trading volume of 101,848 shares, compared to its average volume of 247,601. The stock has a 50 day simple moving average of $10.79 and a 200-day simple moving average of $10.64. The company has a current ratio of 0.55, a quick ratio of 0.52 and a debt-to-equity ratio of 0.72. Seanergy Maritime has a fifty-two week low of $4.87 and a fifty-two week high of $13.19. The stock has a market capitalization of $201.41 million, a price-to-earnings ratio of 6.76 and a beta of 0.65.
Analysts Set New Price Targets
SHIP has been the topic of a number of recent analyst reports. StockNews.com downgraded Seanergy Maritime from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Noble Financial upgraded Seanergy Maritime to a “strong-buy” rating in a research note on Tuesday, July 23rd.
Check Out Our Latest Analysis on SHIP
Seanergy Maritime Company Profile
Seanergy Maritime Holdings Corp., a shipping company, provides seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 16 Capesize dry bulk vessels and one Newcastlemax dry bulk vessel with a cargo-carrying capacity of approximately 3,054,820 dwt. The company was formerly known as Seanergy Merger Corp.
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