Seaspan Co. Plans Quarterly Dividend of $0.31 (SSW)
Seaspan (NYSE:SSW) declared a quarterly dividend on Thursday, February 6th, Analyst Ratings Net reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.3125 per share on Wednesday, February 26th. This represents a $1.25 dividend on an annualized basis and a yield of 5.54%.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Seaspan in a research note to investors on Monday, January 27th. They now have a $26.00 price target on the stock, up previously from $23.00. On a related note, analysts at Citigroup Inc. initiated coverage on shares of Seaspan in a research note to investors on Monday, January 27th. They set a “neutral” rating on the stock. Finally, analysts at Stifel Nicolaus upgraded shares of Seaspan from a “sell” rating to a “hold” rating in a research note to investors on Friday, January 17th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $22.80.
Seaspan (NYSE:SSW) traded up 3.16% on Thursday, hitting $22.55. 117,757 shares of the company’s stock traded hands. Seaspan has a 52-week low of $18.86 and a 52-week high of $25.10. The stock’s 50-day moving average is $22.49 and its 200-day moving average is $22.21. The company has a market cap of $1.461 billion and a P/E ratio of 7.42.
Seaspan Corporation (NYSE:SSW) is an independent charter owner of containerships, which the Company charters pursuant to long-term, fixed-rate time charters agreement.
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