Danaos Corporation (DAC) to Issue Quarterly Dividend of $0.90 on July 30th

Danaos Corporation (NYSE:DAC) declared a quarterly dividend on Monday, July 6th. Shareholders of record on Tuesday, July 21st will be paid a dividend of 0.90 per share by the shipping company on Thursday, July 30th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, July 21st.

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

Danaos Stock Performance

DAC opened at $124.90 on Wednesday. The company’s 50 day moving average is $127.86 and its 200 day moving average is $114.41. 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 company has a market cap of $2.27 billion, a price-to-earnings ratio of 4.41 and a beta of 0.89. Danaos has a 12-month low of $83.56 and a 12-month high of $135.21.

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

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.