DAC Danaos dividend history, payout ratio & dates
- Stocks
- Industrials
- NYSE: DAC
- Dividend
Danaos's latest dividend was on Feb 24, 2025 (ex-date) with a payout of $0.85 per share. On an annualized basis, the company has a current payout of $3.3 per share. This brings the dividend yield to 3.86% based on its recent close price.
Key dates
- DAC last dividend date: Feb 24, 2025
DAC dividend stats
vs. Industrials sector
Dividend yield
Danaos's dividend yield of 3.86% is higher than the Industrials sector and the industry average. In comparison with the Industrials sector average of 1.52%, Danaos's dividend yield is 154% higher.
Dividend history
Danaos has been paying dividends for the last four consecutive years. DAC has distributed four dividends in the past year. The annualized dividend per share has an increase of 6% for the last twelve months. And with the price of the stock up by 1.2% from a year ago, the dividend yield has an increase of 5%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Feb 24, 2025 | $0.85 | 3.99% |
| 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 12.6% is below the Industrials sector and the industry average. If we compare it with its Industrials sector average of 35%, Danaos's payout ratio is 64% lower.
Total amount of dividends paid per financial year (from cash flow)
DAC dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| CMRE Costamare Inc | 28.69% | $2.51 | 102.9% |
| ESEA Euroseas Ltd | 20.02% | $7.53 | 46.3% |
| DSX Diana Shipping Inc | 11.18% | $0.17 | 283.3% |
| DAC Danaos Corporation | 3.86% | $3.3 | 12.6% |
| NMM Navios Maritime Partners L.P. | 0.5% | $0.2 | 1.4% |
Frequently asked questions
Does Danaos pay a dividend?
Yes, Danaos has been paying dividends for the last four years.
When was DAC's last dividend?
Danaos's last dividend ex-date was on Feb 24, 2025. The dividend amount was $0.85 per share.
How much dividend does Danaos pay (per share)?
On an annual basis DAC pays $3.3 per share.
What is Danaos's dividend yield?
Currently Danaos's dividend yield is 3.86%.
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 12.6%.
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.