Seanergy Maritime Holdings Corp. Declares Dividend of $0.10 (NASDAQ:SHIP)

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) announced a dividend on Wednesday, March 5th, NASDAQ Dividends reports. Stockholders of record on Thursday, March 27th will be given a dividend of 0.10 per share by the shipping company on Thursday, April 10th. The ex-dividend date of this dividend is Thursday, March 27th.

Seanergy Maritime has a payout ratio of 44.6% 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 $1.04 annual dividend with an expected future payout ratio of 273.7%.

Seanergy Maritime Stock Up 0.3 %

Shares of SHIP stock traded up $0.02 during trading on Friday, reaching $7.09. The company’s stock had a trading volume of 264,943 shares, compared to its average volume of 266,414. 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 company has a market capitalization of $146.76 million, a price-to-earnings ratio of 3.03 and a beta of 0.45. The stock’s 50-day moving average price is $6.96 and its 200 day moving average price is $8.76. Seanergy Maritime has a 1-year low of $6.55 and a 1-year high of $13.19.

Analyst Ratings Changes

A number of brokerages recently weighed in on SHIP. StockNews.com cut shares of Seanergy Maritime from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Maxim Group lowered their target price on shares of Seanergy Maritime from $17.00 to $11.00 and set a “buy” rating for the company in a report 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.