Danaos's latest quarterly dividend was on Feb 27, 2024 (ex-date) with a payout of $0.8 per share. On an annualized basis, the company has a current payout of $3.1 per share. This brings the dividend yield to 3.87% based on its recent close price.
Danaos's dividend yield of 3.87% is higher than the Industrials sector and the industry average. In comparison with the Industrials sector average of 1.42%, Danaos's dividend yield is 173% higher.
Danaos has been paying dividends for the last three consecutive years. DAC has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 3.3% for the last twelve months. But with the price of the stock up by 42% from a year ago, the dividend yield has decreased by 27%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 27, 2024 | Mar 14, 2024 | Feb 13, 2024 | $0.8 | normal |
| Nov 24, 2023 | Dec 6, 2023 | Nov 13, 2023 | $0.8 | normal |
| Aug 22, 2023 | Sep 1, 2023 | Aug 7, 2023 | $0.75 | normal |
| May 25, 2023 | Jun 7, 2023 | May 15, 2023 | $0.75 | normal |
| Feb 27, 2023 | Mar 14, 2023 | Feb 14, 2023 | $0.75 | normal |
| Nov 17, 2022 | Nov 30, 2022 | Nov 7, 2022 | $0.75 | normal |
| Aug 16, 2022 | Aug 29, 2022 | Aug 1, 2022 | $0.75 | normal |
| May 26, 2022 | Jun 8, 2022 | May 16, 2022 | $0.75 | normal |
| Feb 16, 2022 | Feb 28, 2022 | Feb 7, 2022 | $0.75 | normal |
| Nov 18, 2021 | Dec 2, 2021 | Nov 8, 2021 | $0.5 | normal |
| Aug 13, 2021 | Aug 30, 2021 | Aug 2, 2021 | $0.5 | normal |
| May 26, 2021 | Jun 9, 2021 | May 10, 2021 | $0.5 | normal |
Danaos's payout ratio of 10.7% is below the Industrials sector and the industry average. If we compare it with its Industrials sector average of 31%, Danaos's payout ratio is 65% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| ESEA Euroseas Ltd | 5.62% | $2.1 | 12.7% |
| DAC Danaos Corporation | 3.82% | $3.1 | 10.7% |
| CMRE Costamare Inc | 3.51% | $0.46 | 15.6% |
| NMM Navios Maritime Partners L.P. | 0.43% | $0.2 | 1.4% |
Yes, Danaos has been paying dividends for the last three years.
At this point we don't have a record of DAC's next dividend date, but based on the current dividend schedule we project that it will likely be in May 2024.
Danaos's last dividend ex-date was on Feb 27, 2024. The dividend amount was $0.8 per share.
On an annual basis DAC pays $3.1 per share.
Currently Danaos's dividend yield is 3.87%.
Danaos has a quarterly dividend frequency.
The dividend payout ratio of Danaos is 10.7%.
Danaos's dividend yield is higher than the Industrials sector average.