Seanergy Maritime Holdings Corp. (NASDAQ:SHIP - Get Free Report) declared a dividend on Monday, May 26th, NASDAQ Dividends reports. Investors of record on Friday, June 27th will be given a dividend of 0.05 per share by the shipping company on Thursday, July 10th. The ex-dividend date of this dividend is Friday, June 27th.
Seanergy Maritime has a payout ratio of 20.0% 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 Stock Performance
Shares of SHIP traded up $0.19 during mid-day trading on Monday, hitting $6.42. 100,923 shares of the company's stock were exchanged, compared to its average volume of 222,029. The company has a current ratio of 1.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $130.80 million, a P/E ratio of 2.74 and a beta of 0.20. Seanergy Maritime has a fifty-two week low of $4.78 and a fifty-two week high of $12.80. The business's 50 day moving average is $5.81 and its two-hundred day moving average is $6.74.
Analysts Set New Price Targets
A number of analysts have commented on SHIP shares. Maxim Group decreased their target price on Seanergy Maritime from $17.00 to $11.00 and set a "buy" rating on the stock in a research report on Monday, February 3rd. Wall Street Zen lowered shares of Seanergy Maritime from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th.
Read Our Latest Analysis on SHIP
About Seanergy Maritime
(
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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.
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