Danaos Corp (DAC) has declared a dividend of $0.90 per share, payable to shareholders of record. This announcement highlights a 5.9% increase from the previous dividend of $0.85 per share.
Key Dividend Details:
- Ex-Dividend Date: December 1, 2025
- Payment Date: December 10, 2025
- Dividend Yield: 3.83%
- Payment Frequency: Quarterly
Investors must own shares before the ex-dividend date to receive the upcoming payment. Shares purchased on or after December 1 will not be entitled to this dividend.
The dividend yield of 3.83% reflects the annual income relative to the stock price, offering regular income to shareholders. This update provides insight into Danaos Corp's financial health and its commitment to returning capital to shareholders.
With a market cap of $1.7 billion and a P/E ratio of 3.77, Danaos operates in the marine industry, providing seaborne transportation services to the containership sector. The company’s fleet consists of over 50 containerships, showcasing its significant presence in the industry.
Looking ahead, Danaos is set to report earnings on August 3, 2026, with an EPS estimate of $6.64 and revenue expectations of $244.4 million. This further emphasizes the company's robust operational framework and financial positioning.
Regular dividend payments can attract income-focused investors, though it's important to note that dividends are not guaranteed and can change based on business performance and management decisions. Investors are encouraged to consider the company's dividend history, payout ratio, and overall financial health when evaluating the sustainability of these payments.