Seanergy Maritime Holdings Corp. Announces None Dividend of $0.15 (NASDAQ:SHIP)

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP - Get Free Report) announced a None dividend on Wednesday, May 15th, Zacks reports. Shareholders of record on Tuesday, June 25th will be paid a dividend of 0.15 per share by the shipping company on Wednesday, July 10th. This represents a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, June 25th.

Seanergy Maritime has a payout ratio of 4.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Seanergy Maritime to earn $1.53 per share next year, which means the company should continue to be able to cover its $0.10 annual dividend with an expected future payout ratio of 6.5%.

Seanergy Maritime Stock Performance

Shares of Seanergy Maritime stock traded up $1.17 during trading on Thursday, hitting $11.74. 777,941 shares of the stock were exchanged, compared to its average volume of 256,723. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.34 and a current ratio of 0.36. Seanergy Maritime has a 12 month low of $4.03 and a 12 month high of $11.84. The stock's fifty day moving average is $9.25 and its 200 day moving average is $7.82. The stock has a market cap of $230.57 million, a PE ratio of 167.71 and a beta of 0.75.

Seanergy Maritime (NASDAQ:SHIP - Get Free Report) last announced its quarterly earnings results on Friday, March 15th. The shipping company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.14 by $0.41. The company had revenue of $39.43 million for the quarter, compared to analyst estimates of $33.90 million. Seanergy Maritime had a net margin of 1.68% and a return on equity of 2.70%. As a group, sell-side analysts anticipate that Seanergy Maritime will post 1.07 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SHIP shares. StockNews.com upgraded Seanergy Maritime from a "hold" rating to a "buy" rating in a research report on Monday, March 18th. Noble Financial boosted their price objective on Seanergy Maritime from $10.00 to $12.00 and gave the stock an "outperform" rating in a research report on Monday, March 18th. Finally, B. Riley boosted their price objective on Seanergy Maritime from $11.00 to $13.00 and gave the stock a "buy" rating in a research report on Wednesday, April 10th.

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.