LONDON, UK / ACCESSWIRE / January 18, 2018 / Active-Investors has a free review on Seaspan Corp. (NYSE: SSW) following the Company's announcement that it will begin trading ex-dividend on January 19, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on January 18, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on SSW:
www.active-investors.com/registration-sg/?symbol=SSW
If your portfolio includes dividend stocks, you have come to the right place for timely information. All you need to do is sign up for your free membership at:
www.active-investors.com/registration-sg
Dividend Declared
On January 9, 2018, Seaspan's Board of Directors declared cash dividends of $0.125 on its common share, payable on January 30, 2018, to shareholders on record as of January 22, 2018.
Seaspan's indicated dividend represents a yield of 6.87%, which is more than triple compared to the average dividend yield of 1.84% for the Services sector. The Company has raised dividend for six consecutive years.
Dividend Insight
Seaspan has a dividend payout ratio of 70.4%, which indicates that the Company spends approximately $0.70 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Seaspan is forecasted to report earnings of $1.05 per share for the next year, which is more than double the Company's annualized dividend of $0.50 per share.
As of September 30, 2017, Seaspan's cash and cash and equivalents totaled $308.93 million compared to $367.90 million as on December 31, 2016. For the three months ended September 30, 2017, the Company's cash from operating activities totaled $95.05 million compared to $66.92 million for the year ago same period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
Recent Development for Seaspan
On January 4, 2018, Seaspan announced that it has accepted delivery of the MSC Yashi B, an 11,000 Twenty Foot Equivalent Unit (TEU) containership that will commence a bareboat charter with MSC Mediterranean Shipping Company S.A. ("MSC") for a period of seventeen years. Upon completion of the bareboat charter period, MSC is obligated to purchase the vessel for a pre-determined amount.
The MSC Yashi B, which was constructed at HHIC-PHIL INC., is Seaspan's fifth 11,000 TEU SAVER design containership in a series of five ships under bareboat charter to MSC. This is Seaspan's first vessel delivery in 2018, expanding Seaspan's operating fleet to 90 vessels.
About Seaspan Corp.
Seaspan provides many of the world's major shipping lines with creative outsourcing alternatives to vessel ownership by offering long-term leases on large, modern containerships combined with industry leading ship management services. Seaspan's managed fleet consists of 110 containerships representing a total capacity of approximately 900,000 TEU, including 4 newbuilding containerships on order scheduled for delivery to Seaspan and third parties by the end of 2018.
Seaspan's current operating fleet of 90 vessels has an average age of approximately six years and average remaining lease period of approximately five years, on a TEU weighted basis.
Stock Performance Snapshot
January 17, 2018 - At Wednesday's closing bell, Seaspan's stock fell 1.83%, ending the trading session at $6.99.
Volume traded for the day: 1.36 million shares, which was above the 3-month average volume of 1.32 million shares.
Stock performance in the last month - up 19.08%; previous six-month period - up 5.27%; and year-to-date - up 3.56%
After yesterday's close, Seaspan's market cap was at $869.98 million.
Price to Earnings (P/E) ratio was at 15.26.
The stock has a dividend yield of 7.15%.
The stock is part of the Services sector, categorized under the Shipping industry. This sector was up 0.6% at the end of the session.
Active-Investors:
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Active-Investors
