Seanergy Maritime Holdings Corp. Announces Dividend of $0.05 (NASDAQ:SHIP)

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP - Get Free Report) declared a dividend on Monday, May 26th, NASDAQ Dividends reports. Shareholders of record on Friday, June 27th will be paid a dividend of 0.05 per share by the shipping company on Thursday, July 10th. The ex-dividend date is Friday, June 27th.

Seanergy Maritime has a dividend payout ratio of 20.0% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Down 0.5%

SHIP traded down $0.03 during trading on Friday, hitting $6.18. The company's stock had a trading volume of 104,335 shares, compared to its average volume of 222,863. The stock has a market cap of $125.91 million, a PE ratio of 2.64 and a beta of 0.20. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.99 and a quick ratio of 0.52. The firm's 50 day moving average price is $5.81 and its 200-day moving average price is $6.77. Seanergy Maritime has a twelve month low of $4.78 and a twelve month high of $12.80.

Analyst Upgrades and Downgrades

SHIP has been the subject of several recent research reports. Maxim Group lowered their price target on Seanergy Maritime from $17.00 to $11.00 and set a "buy" rating for the company in a report on Monday, February 3rd. Wall Street Zen downgraded Seanergy Maritime from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th.

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.