Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) Announces Quarterly Dividend of $0.26

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) declared a quarterly dividend on Tuesday, November 5th, Zacks reports. Investors of record on Friday, December 27th will be paid a dividend of 0.26 per share by the shipping company on Friday, January 10th. This represents a $1.04 dividend on an annualized basis and a yield of 10.69%. The ex-dividend date of this dividend is Friday, December 27th. This is a positive change from Seanergy Maritime’s previous quarterly dividend of $0.25.

Seanergy Maritime has a payout ratio of 35.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Seanergy Maritime to earn $2.26 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 44.2%.

Seanergy Maritime Stock Performance

SHIP stock traded down $0.07 during trading on Wednesday, reaching $9.73. 101,848 shares of the stock were exchanged, compared to its average volume of 247,601. The stock has a 50 day simple moving average of $10.79 and a 200-day simple moving average of $10.64. The company has a current ratio of 0.55, a quick ratio of 0.52 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $201.41 million, a P/E ratio of 6.76 and a beta of 0.65. Seanergy Maritime has a twelve month low of $4.87 and a twelve month high of $13.19.

Seanergy Maritime (NASDAQ:SHIP) last released its quarterly earnings data on Tuesday, November 5th. The shipping company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.07. Seanergy Maritime had a return on equity of 12.42% and a net margin of 20.12%. The business had revenue of $44.36 million for the quarter, compared to analysts’ expectations of $42.10 million. During the same period in the previous year, the business posted ($0.28) earnings per share. As a group, sell-side analysts anticipate that Seanergy Maritime will post 2.18 earnings per share for the current year.

Analysts Set New Price Targets

SHIP has been the topic of a number of analyst reports. Noble Financial raised shares of Seanergy Maritime to a “strong-buy” rating in a research note on Tuesday, July 23rd. StockNews.com downgraded Seanergy Maritime from a “strong-buy” rating to a “buy” rating in a report on Tuesday.

About Seanergy Maritime

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.