Seanergy Maritime Holdings Corp (NASDAQ:SHIP) to Issue Quarterly Dividend of $0.13

Seanergy Maritime Holdings Corp (NASDAQ:SHIP) announced a quarterly dividend on Tuesday, November 11th. Shareholders of record on Monday, December 29th will be paid a dividend of 0.13 per share by the shipping company on Friday, January 9th. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Monday, December 29th. This is a 160.0% increase from Seanergy Maritime’s previous quarterly dividend of $0.05.

Seanergy Maritime has a payout ratio of 19.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Seanergy Maritime to earn $0.38 per share next year, which means the company may not be able to cover its $0.52 annual dividend with an expected future payout ratio of 136.8%.

Seanergy Maritime Stock Up 1.0%

Seanergy Maritime stock opened at $9.45 on Friday. Seanergy Maritime has a one year low of $4.78 and a one year high of $11.15. The stock has a fifty day moving average of $9.34 and a 200 day moving average of $8.15. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.37 and a current ratio of 0.39. The stock has a market cap of $197.51 million, a PE ratio of 12.95 and a beta of 0.68.

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.