SEASPAN CORP/SH SH Plans Quarterly Dividend of $0.13 (NYSE:SSW)

SEASPAN CORP/SH SH (NYSE:SSW) declared a quarterly dividend on Monday, July 8th, RTT News reports. Stockholders 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 dividend yield of 4.96%. The ex-dividend date is Friday, July 19th.

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 annually for the last 7 consecutive 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 $0.78 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 SSW opened at $10.08 on Thursday. SEASPAN CORP/SH SH has a 52-week low of $7.05 and a 52-week high of $10.70. The firm has a fifty day simple moving average of $9.65. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth 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 for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $287.14 million. During the same quarter last year, the business posted $0.37 EPS. SEASPAN CORP/SH SH’s revenue for the quarter was up 26.9% on a year-over-year basis. On average, equities analysts expect that SEASPAN CORP/SH SH will post 0.66 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on the company. 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 report on Thursday, May 9th. Zacks Investment Research downgraded Farmland Partners from a “hold” rating to a “sell” rating in a report on Friday, July 12th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price 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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Dividend History for SEASPAN CORP/SH SH (NYSE:SSW)

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