Seanergy Maritime Holdings Corp. (NASDAQ:SHIP - Get Free Report) announced a quarterly dividend on Wednesday, March 5th, NASDAQ Dividends reports. Shareholders of record on Thursday, March 27th will be paid a dividend of 0.10 per share by the shipping company on Thursday, April 10th. This represents a $0.40 annualized dividend and a dividend yield of 5.81%. The ex-dividend date is Thursday, March 27th.
Seanergy Maritime has a dividend payout ratio of 44.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Seanergy Maritime to earn $0.38 per share next year, which means the company may not be able to cover its $1.04 annual dividend with an expected future payout ratio of 273.7%.
Seanergy Maritime Trading Down 3.0 %
Shares of Seanergy Maritime stock traded down $0.21 during trading on Monday, reaching $6.88. 264,781 shares of the company were exchanged, compared to its average volume of 266,702. Seanergy Maritime has a twelve month low of $6.55 and a twelve month high of $13.19. The business has a 50-day moving average price of $6.96 and a 200-day moving average price of $8.70. The company has a quick ratio of 0.52, a current ratio of 1.99 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $142.41 million, a price-to-earnings ratio of 2.94 and a beta of 0.45.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Maxim Group cut their price target on shares of Seanergy Maritime from $17.00 to $11.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. StockNews.com cut shares of Seanergy Maritime from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th.
Check Out Our Latest Stock Report on SHIP
About Seanergy Maritime
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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.
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