SEASPAN CORP/SH SH (NYSE:SSW) declared a quarterly dividend on Monday, July 8th, RTT News reports. Investors of record on Monday, July 22nd will be paid a dividend of 0.125 per share by the shipping company on Tuesday, July 30th. This represents a $0.50 annualized dividend and a yield of 4.96%. The ex-dividend date is Friday, July 19th.
SEASPAN CORP/SH SH has decreased its dividend payment by an average of 30.2% per year over the last three years and has increased its dividend annually for the last 7 consecutive years. SEASPAN CORP/SH SH has a payout ratio of 56.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect SEASPAN CORP/SH SH to earn $0.78 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 64.1%.
Shares of NYSE SSW opened at $10.08 on Thursday. The company’s 50 day moving average is $9.65. SEASPAN CORP/SH SH has a 52 week low of $7.05 and a 52 week high of $10.70. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $2.21 billion, a PE ratio of 9.41, a PEG ratio of 1.21 and a beta of 0.78.
SEASPAN CORP/SH SH (NYSE:SSW) last released its quarterly earnings data on Wednesday, May 1st. The shipping company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.01. SEASPAN CORP/SH SH had a return on equity of 9.67% and a net margin of 42.91%. The company had revenue of $285.30 million during the quarter, compared to analysts’ expectations of $287.14 million. During the same period last year, the firm posted $0.37 earnings per share. The business’s revenue was up 26.9% on a year-over-year basis. As a group, sell-side analysts forecast that SEASPAN CORP/SH SH will post 0.66 earnings per share for the current fiscal year.
A number of research firms have recently issued reports on SSW. Zacks Investment Research cut Farmland Partners from a “hold” rating to a “sell” rating in a research report on Friday, July 12th. Jefferies Financial Group set a €28.00 ($32.56) price objective on Hamburger Hafen und Logistik and gave the company a “buy” rating in a research report on Thursday, May 9th. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $9.40.
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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