Danaos Dividends and Buybacks
Dividend criteria checks 2/6
Danaos is a dividend paying company with a current yield of 3.98% that is well covered by earnings. Next payment date is on 4th December, 2024 with an ex-dividend date of 25th November, 2024.
Key information
4.0%
Dividend yield
1.4%
Buyback Yield
| Total Shareholder Yield | 5.4% |
| Future Dividend Yield | 4.0% |
| Dividend Growth | 8.8% |
| Next dividend pay date | 04 Dec 24 |
| Ex dividend date | 25 Nov 24 |
| Dividend per share | US$3.400 |
| Payout ratio | 11% |
Recent dividend and buyback updates
Recent updates
We Like These Underlying Return On Capital Trends At Danaos (NYSE:DAC)
Nov 14
Danaos Corporation: Providing A Long-Volatility Exposure To Geopolitics
Nov 12Earnings Working Against Danaos Corporation's (NYSE:DAC) Share Price
Sep 04Danaos Corporation: Drybulk Debut Not The Only Attractive Aspect
Aug 22Is It Too Late To Consider Buying Danaos Corporation (NYSE:DAC)?
Aug 09Danaos Corporation: A Ship In Good Shape, But Is It Worth Boarding? Not Yet
Jul 29Danaos' (NYSE:DAC) Returns On Capital Are Heading Higher
Jul 19Danaos: Could A Take Private Deal Be In The Works?
May 23Lacklustre Performance Is Driving Danaos Corporation's (NYSE:DAC) Low P/E
May 21Is It Time To Consider Buying Danaos Corporation (NYSE:DAC)?
Apr 30Danaos: The Valuation Math Still Heavily Favors Bulls
Apr 29Danaos: Feeling Frustrated? This Is Your Permission Slip To Get Out
Apr 01Danaos Corporation (NYSE:DAC) Analysts Are Pretty Bullish On The Stock After Recent Results
Feb 16Danaos: Just Far Too Cheap, It's A Buy
Feb 10Danaos (NYSE:DAC) Has A Pretty Healthy Balance Sheet
Feb 03Danaos: Eagle Bulk Stake Pays Off Big Amid Merger With Star Bulk, Red Sea Blockade
Jan 07Is There Now An Opportunity In Danaos Corporation (NYSE:DAC)?
Dec 09Danaos Q3: Dividends On The Rise, Buybacks Persist - Is It Enough?
Nov 30The Return Trends At Danaos (NYSE:DAC) Look Promising
Nov 09Danaos: Change In Capital Allocation Mindset Needed To Unlock Upside
Oct 26Danaos Corporation: Tough To Beat
Oct 14Danaos And Global Ship Lease: High Conviction Longs, 1-Year Review
Sep 20Danaos (NYSE:DAC) Has A Rock Solid Balance Sheet
Sep 06Danaos: Too Cheap And Profitable To Ignore
Aug 16Danaos' (NYSE:DAC) Dividend Will Be $0.75
Aug 10Should You Investigate Danaos Corporation (NYSE:DAC) At US$68.13?
Aug 05Danaos Corporation: Low Leverage And Strong Revenue Backlog Show Way For The Future
Aug 03Unleashing The Power Of The Small: Danaos - From Debt Heavy To Flexible Capital Allocator
Jul 15Danaos Corp.: Eagle Bulk Investment Raises Concerns, Inspires Activist Roadmap To $130
Jun 26The Returns On Capital At Danaos (NYSE:DAC) Don't Inspire Confidence
Jun 09Danaos: Undervaluation To The Extreme
Jun 07Danaos' (NYSE:DAC) Dividend Will Be $0.75
May 19Is Danaos (NYSE:DAC) A Risky Investment?
May 17Danaos Non-GAAP EPS of $6.99, revenue of $252.48M
Feb 14Danaos: Off-Cycle Logic Brings Opportunity
Feb 03Is It Time To Consider Buying Danaos Corporation (NYSE:DAC)?
Feb 02Capital Allocation Trends At Danaos (NYSE:DAC) Aren't Ideal
Jan 11Does Danaos (NYSE:DAC) Have A Healthy Balance Sheet?
Dec 08Danaos Or Global Ship Lease? A Look At Key Factors
Dec 06Danaos Corp.: Cheap Price But Could Stay Cheap For A While
Nov 08Danaos: The Best Of The Containership Lessors
Oct 26Danaos: Market Seems Overly Alarmed By Current Rates
Oct 11At US$70.02, Is Danaos Corporation (NYSE:DAC) Worth Looking At Closely?
Sep 12Danaos: Stock Is Cheap, But Where Are The Buybacks? Ask Management
Sep 05Danaos: It's Coming Down Again, Buy This Dip Confidently
Aug 22Danaos (NYSE:DAC) Will Be Hoping To Turn Its Returns On Capital Around
Aug 21Danaos: Record Earnings, Low Debt, Dividend, And Buyback But Still Undervalued
Aug 05Here's Why Danaos (NYSE:DAC) Can Manage Its Debt Responsibly
Aug 03Danaos Corp: Massive Undervaluation And Strong Returns Ahead (Podcast Transcript)
Jul 27The Container Shipping Shortage Is Ending, But Danaos Is Now Considerably Oversold
Jul 20Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, DAC has been paying a dividend for less than 10 years.
Growing Dividend: DAC's dividend payments have increased, but the company has only paid a dividend for 4 years.
Dividend Yield vs Market
| Danaos Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (DAC) | 4.0% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.3% |
| Industry Average (Shipping) | 5.4% |
| Analyst forecast (DAC) (up to 3 years) | 4.0% |
Notable Dividend: DAC's dividend (3.98%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: DAC's dividend (3.98%) is low compared to the top 25% of dividend payers in the US market (4.32%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (11.2%), DAC's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: DAC is paying a dividend but the company has no free cash flows.