Published on 19 Jun 2024 on Simply Wall St. · via Yahoo Finance

Danaos Corporation (NYSE:DAC) Looks Like A Good Stock, And It's Going...

It looks like Danaos Corporation (NYSE:DAC) is about to go ex-dividend in the next 4 days. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Accordingly, Danaos investors that purchase the stock on or after the 11th of June will not receive the dividend, which will be paid on the 20th of June.

The company's next dividend payment will be US$0.80 per share, and in the last 12 months, the company paid a total of US$3.20 per share. Based on the last year's worth of payments, Danaos stock has a trailing yield of around 3.3% on the current share price of US$97.02. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! As a result, readers should always check whether Danaos has been able to grow its dividends, or if the dividend might be cut.