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

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

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

Danaos Stock Performance

Shares of DAC opened at $125.74 on Friday. 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 stock has a market capitalization of $2.29 billion, a P/E ratio of 4.44 and a beta of 0.89. The firm’s fifty day simple moving average is $128.28 and its two-hundred day simple moving average is $116.17. Danaos has a 12 month low of $83.56 and a 12 month high of $135.21.

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

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.