SEASPAN CORP/SH SH (NYSE:SSW) announced a quarterly dividend on Monday, April 8th, RTT News reports. Investors of record on Monday, April 22nd will be given a dividend of 0.125 per share by the shipping company on Tuesday, April 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date is Thursday, April 18th.
SEASPAN CORP/SH SH has decreased its dividend by an average of 30.2% annually over the last three years and has raised its dividend every year for the last 7 years. SEASPAN CORP/SH SH has a dividend payout ratio of 56.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect SEASPAN CORP/SH SH to earn $0.95 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 52.6%.
Shares of NYSE SSW opened at $10.02 on Wednesday. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 0.77 and a beta of 0.68. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.49 and a current ratio of 0.49. SEASPAN CORP/SH SH has a twelve month low of $6.84 and a twelve month high of $10.72.
SEASPAN CORP/SH SH (NYSE:SSW) last announced its earnings results on Tuesday, March 5th. The shipping company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The business had revenue of $294.91 million for the quarter, compared to analyst estimates of $293.98 million. SEASPAN CORP/SH SH had a return on equity of 9.85% and a net margin of 25.43%. Research analysts forecast that SEASPAN CORP/SH SH will post 0.82 EPS for the current fiscal year.
A number of brokerages have weighed in on SSW. Zacks Investment Research lowered SEASPAN CORP/SH SH from a “buy” rating to a “hold” rating and set a $10.00 target price on the stock. in a research note on Saturday, January 26th. ValuEngine upgraded SEASPAN CORP/SH SH from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. SEASPAN CORP/SH SH presently has a consensus rating of “Hold” and a consensus price target of $9.10.
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SEASPAN CORP/SH SH Company Profile
Seaspan Corporation operates as an independent charter owner and manager of containerships in Hong Kong. The company charters its containerships under long-term, fixed-rate time charters to various container liner companies. As of February 15, 2018, it operated a fleet of 91 containerships. The company was founded in 2005 and is based in Hong Kong, Hong Kong.
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