Seaspan Corporation (NYSE:SSW) announced a quarterly dividend on Tuesday, July 11th, RTT News reports. Stockholders of record on Thursday, July 20th will be paid a dividend of 0.125 per share by the shipping company on Monday, July 31st. This represents a $0.50 annualized dividend and a dividend yield of 7.42%. The ex-dividend date of this dividend is Tuesday, July 18th.

Seaspan Corporation has raised its dividend payment by an average of 8.1% annually over the last three years and has raised its dividend every year for the last 5 years. Seaspan Corporation has a payout ratio of 70.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Seaspan Corporation to earn $1.10 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 45.5%.

Shares of Seaspan Corporation (SSW) opened at 6.74 on Monday. The stock’s 50 day moving average is $5.85 and its 200 day moving average is $7.43. The company’s market capitalization is $737.91 million. Seaspan Corporation has a 12 month low of $5.02 and a 12 month high of $15.45.

Seaspan Corporation (NYSE:SSW) last released its quarterly earnings data on Wednesday, April 26th. The shipping company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. The business had revenue of $201.30 million for the quarter, compared to the consensus estimate of $204.09 million. Seaspan Corporation had a negative net margin of 12.29% and a positive return on equity of 8.08%. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. On average, equities analysts predict that Seaspan Corporation will post $0.71 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The correct version of this piece can be accessed at

A number of brokerages recently issued reports on SSW. Zacks Investment Research downgraded shares of Seaspan Corporation from a “hold” rating to a “sell” rating in a report on Saturday. Stifel Nicolaus reissued a “hold” rating and set a $7.00 price target on shares of Seaspan Corporation in a report on Friday. BidaskClub raised shares of Seaspan Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. ValuEngine downgraded shares of Seaspan Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Citigroup Inc. raised shares of Seaspan Corporation from a “sell” rating to a “neutral” rating and set a $7.00 price target on the stock in a report on Tuesday, May 2nd. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Seaspan Corporation presently has a consensus rating of “Hold” and a consensus price target of $6.94.

About Seaspan Corporation

Seaspan Corporation is an independent charter owner and manager of containerships. The Company charters pursuant to long-term, fixed-rate time charters with various container liner companies. As of February 20, 2017, it had operated a fleet of 88 containerships and had entered into contracts for the purchase of an additional eight new building containerships.

Dividend History for Seaspan Corporation (NYSE:SSW)

Receive News & Ratings for Seaspan Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seaspan Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.