Seanergy Maritime Holdings Corp. (SHIP) to Issue Quarterly Dividend of $0.26 on January 10th

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) declared a quarterly dividend on Friday, November 1st,Zacks Dividends reports. Investors of record on Friday, December 27th will be given a dividend of 0.26 per share by the shipping company on Friday, January 10th. This represents a $1.04 annualized dividend and a yield of 14.50%. The ex-dividend date is Friday, December 27th. This is a boost from Seanergy Maritime’s previous quarterly dividend of $0.25.

Seanergy Maritime has a dividend payout ratio of 39.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Seanergy Maritime to earn $1.53 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 68.0%.

Seanergy Maritime Trading Down 0.1 %

NASDAQ SHIP opened at $7.17 on Wednesday. The company has a market cap of $148.41 million, a P/E ratio of 3.06 and a beta of 0.64. Seanergy Maritime has a 12 month low of $6.85 and a 12 month high of $13.19. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.99 and a quick ratio of 0.52. The company has a 50-day moving average of $8.62 and a 200-day moving average of $9.92.

Seanergy Maritime (NASDAQ:SHIP) last posted its quarterly earnings results on Tuesday, November 5th. The shipping company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.07. Seanergy Maritime had a net margin of 28.37% and a return on equity of 19.01%. The company had revenue of $44.36 million for the quarter, compared to the consensus estimate of $42.10 million. During the same quarter last year, the firm posted ($0.28) earnings per share. As a group, equities analysts predict that Seanergy Maritime will post 2.1 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Seanergy Maritime from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 13th.

Seanergy Maritime Company Profile

Seanergy Maritime Holdings Corp., a shipping company, provides seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 16 Capesize dry bulk vessels and one Newcastlemax dry bulk vessel with a cargo-carrying capacity of approximately 3,054,820 dwt. The company was formerly known as Seanergy Merger Corp.