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.
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.
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%.
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'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.
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% |
Yes, Danaos has been paying dividends for the last three years.
Danaos's last dividend ex-date was on Nov 25, 2024. The dividend amount was $0.85 per share.
On an annual basis DAC pays $3.25 per share.
Currently Danaos's dividend yield is 4%.
Danaos has a quarterly dividend frequency.
The dividend payout ratio of Danaos is 11.2%.
Danaos's dividend yield is higher than the Industrials sector average.
Special dividends are included in TTM DPS and yield. Data from and Sharadar.