Danaos Corporation (NYSE:DAC) Raises Dividend to $1.00 Per Share

Posted by Stanley Muller on Oct 2nd, 2026

Danaos Corporation (NYSE:DAC – Get Free Report) declared a quarterly dividend on Thursday, October 1st. Investors of record on Tuesday, October 13th will be given a dividend of $1.00 per share by the shipping company on Thursday, October 22nd. This represents a $4.00 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, October 13th. This is a 11.1% increase from Danaos’s previous quarterly dividend of $0.90.

Danaos has a payout ratio of 13.7% meaning its dividend is sufficiently covered by earnings.

Danaos Stock Performance

NYSE DAC opened at $161.32 on Friday. The business’s 50-day moving average price is $149.49 and its 200 day moving average price is $132.90. Danaos has a twelve month low of $83.56 and a twelve month high of $163.64. The company has a market capitalization of $2.94 billion, a PE ratio of 5.46 and a beta of 0.87. The company has a current ratio of 9.30, a quick ratio of 9.15 and a debt-to-equity ratio of 0.29.

Danaos (NYSE:DAC – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The shipping company reported $7.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.80 by $0.49. The firm had revenue of $274.37 million for the quarter, compared to analyst estimates of $258.27 million. Danaos had a return on equity of 13.20% and a net margin of 51.26%.

Institutional Trading of Danaos

Large investors have recently added to or reduced their stakes in the stock. Ascentis Independent Advisors acquired a new position in shares of Danaos during the first quarter worth about $56,000. Parallel Advisors LLC grew its stake in shares of Danaos by 33.2% in the first quarter. Parallel Advisors LLC now owns 1,171 shares of the shipping company’s stock valued at $132,000 after buying an additional 292 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Danaos during the 2nd quarter valued at about $230,000. Squarepoint Ops LLC purchased a new stake in shares of Danaos during the 2nd quarter valued at about $234,000. Finally, Glenview Trust Co purchased a new stake in shares of Danaos during the 1st quarter valued at about $225,000. 19.01% of the stock is currently owned by institutional investors and hedge funds.

Danaos Company Profile

(Get Free Report)

Danaos Corporation is a Greece-based international owner and operator of containerships. The company provides vessels for the transportation of containerized cargo and generally charters its ships to major liner companies, which use them to serve global trade routes.

Founded in 1972, Danaos has developed a fleet serving customers across major shipping markets and geographic regions. Its operations support the movement of manufactured goods, consumer products, industrial materials and other cargo transported in standardized shipping containers.

Danaos is headquartered in Piraeus, Greece, and its management is led by Dr.