Danaos's latest quarterly dividend was on Jun 11, 2024 (ex-date) with a payout of $0.8 per share. On an annualized basis, the company has a current payout of $3.15 per share. This brings the dividend yield to 3.75% based on its recent close price.
Danaos's dividend yield of 3.75% is higher than the Industrials sector and the industry average. In comparison with the Industrials sector average of 1.41%, Danaos's dividend yield is 166% 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 5% for the last twelve months. But with the price of the stock up by 27% from a year ago, the dividend yield has decreased by 17%.
Ex-date | Payment date | Declared on | Amount | Type |
---|---|---|---|---|
Jun 11, 2024 | Jun 20, 2024 | May 28, 2024 | $0.8 | normal |
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 32.7%, Danaos's payout ratio is 67% lower.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
ESEA Euroseas Ltd | 5.88% | $2.2 | 14.4% |
DAC Danaos Corporation | 3.76% | $3.15 | 10.7% |
CMRE Costamare Inc | 3.26% | $0.46 | 17.8% |
NMM Navios Maritime Partners L.P. | 0.42% | $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 September 2024.
Danaos's last dividend ex-date was on Jun 11, 2024. The dividend amount was $0.8 per share.
On an annual basis DAC pays $3.15 per share.
Currently Danaos's dividend yield is 3.75%.
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.