SEASPAN CORP/SH SH Announces Quarterly Dividend of $0.13 (SSW)

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.

COPYRIGHT VIOLATION NOTICE: “SEASPAN CORP/SH SH Announces Quarterly Dividend of $0.13 (SSW)” was reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at

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.

Recommended Story: What is the Current Ratio?

Dividend History for SEASPAN CORP/SH SH (NYSE:SSW)

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