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 given 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 4.87%. The ex-dividend date of this dividend 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 raised its dividend every year for the last 7 years. SEASPAN CORP/SH SH has a payout ratio of 56.8% meaning its dividend is sufficiently covered by earnings. 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%.
NYSE:SSW opened at $10.26 on Wednesday. SEASPAN CORP/SH SH has a 12-month low of $7.05 and a 12-month high of $10.70. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 1.21 and a beta of 0.78. The business has a 50-day simple moving average of $9.64.
Several analysts have recently weighed in on the stock. Jefferies Financial Group set a €28.00 ($32.56) price objective on shares of Hamburger Hafen und Logistik and gave the stock a “buy” rating in a report on Thursday, May 9th. Zacks Investment Research lowered shares of Farmland Partners from a “hold” rating to a “sell” rating in a report on Friday, July 12th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. SEASPAN CORP/SH SH 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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