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DAC Danaos dividend history, payout ratio & dates

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 4.28% based on its recent close price.

Key dates

  • DAC last dividend date: Feb 27, 2024
  • DAC next dividend date: Not announced
DAC dividend stats
DPS
$3.1
Dividend yield
4.28%
Payout ratio
10.7%
vs. Industrials sector
Dividend yield
1.42%
Payout ratio
29.6%

Dividend yield

What is Danaos current dividend yield

Danaos's dividend yield of 4.28% 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 201% higher.

Dividend history

What is DAC dividend payout history and dates

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 23% from a year ago, the dividend yield has decreased by 16%.

Recent dividends

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 dividend payout ratio

What is Danaos dividend payout ratio compared to the sector

Payout ratio

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 29.6%, Danaos's payout ratio is 64% lower.

Total amount of dividends paid per financial year (from cash flow)

DAC dividend vs peer dividends

How does DAC dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
ESEA Euroseas Ltd 5.05% $2 12.1%
DAC Danaos Corporation 4.28% $3.1 10.7%
CMRE Costamare Inc 4% $0.46 15.6%
NMM Navios Maritime Partners L.P. 0.58% $0.2 1.4%

Frequently asked questions

Does Danaos pay a dividend?

Yes, Danaos has been paying dividends for the last three years.

When is Danaos's next dividend?

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.

When was DAC's last dividend?

Danaos's last dividend ex-date was on Feb 27, 2024. The dividend amount was $0.8 per share.

How much dividend does Danaos pay (per share)?

On an annual basis DAC pays $3.1 per share.

What is Danaos's dividend yield?

Currently Danaos's dividend yield is 4.28%.

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 10.7%.

Does Danaos pay a good dividend?

Danaos's dividend yield is higher than the Industrials sector average.