Danaos Corporation (DAC) to Issue Quarterly Dividend of $0.90 on June 4th

Danaos Corporation (NYSE:DAC) declared a quarterly dividend on Monday, May 11th. Shareholders of record on Tuesday, May 26th will be paid a dividend of 0.90 per share by the shipping company on Thursday, June 4th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, May 26th.

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

Danaos Price Performance

Shares of NYSE:DAC opened at $130.74 on Friday. The company has a current ratio of 8.66, a quick ratio of 8.40 and a debt-to-equity ratio of 0.26. The stock’s fifty day simple moving average is $119.80 and its two-hundred day simple moving average is $107.10. Danaos has a 1-year low of $82.75 and a 1-year high of $135.21. The stock has a market cap of $2.38 billion, a PE ratio of 4.61 and a beta of 0.90.

Danaos (NYSE:DAC) last announced its earnings results on Monday, May 11th. The shipping company reported $6.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.86 by $0.86. Danaos had a return on equity of 13.18% and a net margin of 49.85%.The firm had revenue of $253.70 million during the quarter, compared to analyst estimates of $242.20 million.

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.