Seanergy Maritime Holdings Corp. Plans Quarterly Dividend of $0.10 (NASDAQ:SHIP)

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) declared a quarterly dividend on Wednesday, March 5th, NASDAQ Dividends reports. Stockholders of record on Thursday, March 27th will be given 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 5.67%. The ex-dividend date of this dividend is Thursday, March 27th.

Seanergy Maritime has a dividend payout ratio of 19.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Seanergy Maritime to earn $0.38 per share next year, which means the company may not be able to cover its $0.40 annual dividend with an expected future payout ratio of 105.3%.

Seanergy Maritime Stock Down 0.1 %

Seanergy Maritime stock opened at $7.06 on Tuesday. The firm has a market capitalization of $143.84 million, a price-to-earnings ratio of 3.02 and a beta of 0.45. The company’s 50 day simple moving average is $7.02 and its 200 day simple moving average is $8.40. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.99 and a quick ratio of 0.52. Seanergy Maritime has a fifty-two week low of $6.55 and a fifty-two week high of $13.19.

Wall Street Analyst Weigh In

A number of research firms recently commented on SHIP. StockNews.com cut shares of Seanergy Maritime from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Maxim Group lowered their target price on Seanergy Maritime from $17.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, February 3rd.

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.