Seaspan Corporation(NYSE:SSW) Declares Dividend of $0.3750.

Seaspan Corporation (NYSE:SSW) had declared a cash dividend of $0.3750 on Jul 12, 2016. The shares will quote ex-dividend on Jul 18, 2016 and the record date has been fixed for Jul 20, 2016. On Jul 12, 2016 share price, the yield comes out to be 10.4094%. The dividend payable date has been fixed on Aug 1, 2016.

Seaspan Corporation (SSW) made into the market gainers list on Fridays trading session with the shares advancing 0.26% or 0.04 points. Due to strong positive momentum, the stock ended at $15.15, which is also near the day’s high of $15.2733. The stock began the session at $15.17 and the volume stood at 4,07,196 shares. The 52-week high of the shares is $20 and the 52 week low is $13.53. The company has a current market capitalization of $1,489 M and it has 9,82,68,307 shares in outstanding.

Seaspan Corporation(SSW) last announced its earnings results on Apr 25, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $215.52M. Analysts had an estimated revenue of $216.11M. Earnings per share were $0.33. Analysts had estimated an EPS of $0.30.

Seaspan Corporation is an independent charter owner and manager of containerships. The Company charters primarily pursuant to long-term fixed-rate time charters with various container liner companies. As of February 28 2015 the Company operated a fleet of 77 containerships and had contracts for the purchase of an additional 13 newly-built containerships which have scheduled delivery dates through October 2016. The Company’s customers primarily include COSCON CSCL Asia HL USA Hanjin Hapag-Lloyd K-Line MSC MOL Norasia OOCL Maersk and Yang Ming Marine. The Company’s four 4800 TEU vessels are chartered by MSC under bareboat charters which are contracts for the use of a vessel for a fixed period of time at a specified amount. The Company also provides limited ship management services to Dennis R. Washington’s personal vessel owning companies and ship management and construction supervision services to GCI.

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