DAC Danaos dividend history, payout ratio & dates
Danaos's latest dividend was on Nov 25, 2024 (ex-date) with a payout of $0.85 per share. On an annualized basis, the company has a current payout of $3.25 per share. This brings the dividend yield to 4% based on its recent close price. The latest dividend has an increase of $0.05, or 6% from the prior distribution.
Key dates
- DAC last dividend date: Nov 25, 2024
DAC dividend stats
vs. Industrials sector
Dividend yield
Danaos's dividend yield of 4% is higher than the Industrials sector and the industry average. In comparison with the Industrials sector average of 1.37%, Danaos's dividend yield is 192% higher.
Dividend history
Danaos has been paying dividends for the last three consecutive years. DAC has distributed four dividends in the past year. The annualized dividend per share has an increase of 7% for the last twelve months. But with the price of the stock up by 17% from a year ago, the dividend yield has decreased by 9%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Nov 25, 2024 | $0.85 | 4.02% |
| Aug 20, 2024 | $0.8 | 3.85% |
| Jun 11, 2024 | $0.8 | 3.43% |
| Feb 27, 2024 | $0.8 | 4.26% |
| Nov 24, 2023 | $0.8 | 4.4% |
| Aug 22, 2023 | $0.75 | 4.45% |
| May 25, 2023 | $0.75 | 5.1% |
| Feb 27, 2023 | $0.75 | 4.99% |
| Nov 17, 2022 | $0.75 | 5.38% |
| Aug 16, 2022 | $0.75 | 3.76% |
| May 26, 2022 | $0.75 | 3.03% |
| Feb 16, 2022 | $0.75 | 2.28% |
| Nov 18, 2021 | $0.5 | 2.08% |
| Aug 13, 2021 | $0.5 | 1.41% |
| May 26, 2021 | $0.5 | 0.82% |
Danaos dividend payout ratio
Payout ratio
Danaos's payout ratio of 11.2% is below the Industrials sector and the industry average. If we compare it with its Industrials sector average of 33.1%, Danaos's payout ratio is 66% lower.
Total amount of dividends paid per financial year (from cash flow)
DAC dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| DSX Diana Shipping Inc | 12.1% | $0.23 | 321.4% |
| ESEA Euroseas Ltd | 5.88% | $2.3 | 14.1% |
| DAC Danaos Corporation | 3.99% | $3.25 | 11.2% |
| CMRE Costamare Inc | 3.48% | $0.46 | 15.3% |
| NMM Navios Maritime Partners L.P. | 0.41% | $0.2 | 2.2% |
Frequently asked questions
Does Danaos pay a dividend?
Yes, Danaos has been paying dividends for the last three years.
When was DAC's last dividend?
Danaos's last dividend ex-date was on Nov 25, 2024. The dividend amount was $0.85 per share.
How much dividend does Danaos pay (per share)?
On an annual basis DAC pays $3.25 per share.
What is Danaos's dividend yield?
Currently Danaos's dividend yield is 4%.
How often does Danaos pay dividends?
Danaos has a quarterly dividend frequency.
What is Danaos's dividend payout ratio?
The dividend payout ratio of Danaos is 11.2%.
Does Danaos pay a good dividend?
Danaos's dividend yield is higher than the Industrials sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.