Seanergy Maritime Holdings Corp. (SHIP) to Issue Quarterly Dividend of $0.10 on April 10th

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) announced a quarterly dividend on Wednesday, March 5th, NASDAQ Dividends reports. Shareholders 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 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date is Thursday, March 27th.

Seanergy Maritime has a payout ratio of 19.9% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Seanergy Maritime stock opened at $7.06 on Tuesday. The business has a 50 day simple moving average of $7.02 and a 200 day simple moving average of $8.40. Seanergy Maritime has a one year low of $6.55 and a one year high of $13.19. The company has a market capitalization of $143.84 million, a PE ratio of 3.02 and a beta of 0.45. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.99 and a quick ratio of 0.52.

Analyst Upgrades and Downgrades

SHIP has been the topic of several recent analyst reports. StockNews.com downgraded shares of Seanergy Maritime from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Maxim Group decreased their price objective on shares of Seanergy Maritime from $17.00 to $11.00 and set a “buy” rating on the stock 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.