Seaspan Corporation(NYSE:SSW) Declares Dividend of $0.3750.

Seaspan Corporation (NYSE:SSW) had declared a cash dividend of $0.3750 on Apr 12, 2016. The shares will quote ex-dividend on Apr 18, 2016 and the record date has been fixed on Apr 20, 2016. At Apr 12, 2016 share price, the yield comes out to be 8.5763%. The dividend payable date has been fixed on May 2, 2016.

In a different note, On Apr 1, 2016, Barclays said it Downgrades its rating on Seaspan Corporation. In the research note, the firm Lowers the price-target to $15.00 per share. The shares have been rated ‘Underweight’ by the firm. On Mar 10, 2016, Barclays said it Maintains its rating on Seaspan Corporation. In the research note, the firm Lowers the price-target to $16.00 per share. The shares have been rated ‘Equalweight’ by the firm.

Seaspan Corporation (SSW) shares turned negative on Fridays trading session with the shares closing down -0.03 points or -0.17% at a volume of 2,17,827. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18.34. The peak price level was also seen at $18.34 while the days lowest was $18.02. Finally the shares closed at $18.1. The 52-week high of the shares is $20.87 while the 52-week low is $13.67. According to the latest information available, the market cap of the company is $1,785 M.

Seaspan Corporation(SSW) last announced its earnings results on Mar 7, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $218.46M. Analysts had an estimated revenue of $218.67M. Earnings per share were $0.35. Analysts had estimated an EPS of $0.30.

Seaspan Corporation is an independent charter owner and manager of containerships. The Company charters primarily pursuant to long-term fixed-rate time charters with various container liner companies. As of February 28 2015 the Company operated a fleet of 77 containerships and had contracts for the purchase of an additional 13 newly-built containerships which have scheduled delivery dates through October 2016. The Company’s customers primarily include COSCON CSCL Asia HL USA Hanjin Hapag-Lloyd K-Line MSC MOL Norasia OOCL Maersk and Yang Ming Marine. The Company’s four 4800 TEU vessels are chartered by MSC under bareboat charters which are contracts for the use of a vessel for a fixed period of time at a specified amount. The Company also provides limited ship management services to Dennis R. Washington’s personal vessel owning companies and ship management and construction supervision services to GCI.

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