DAC (NYSE) - Dividend History and Outstanding Shares

Dividends paid yearly How many Dividends are paid Year

Outstanding Shares

Outstanding Shares 10 Years Trend: the Outstanding Shares of Danaos Corporation (DAC) are growing at a rate of 9.65% per year on average over the last 10 years. The Correlation Coefficent of the Outstanding Shares is 53.94%. This correlation quantifies the strength and direction of the relationship between stock splits, issuing new shares, and share buybacks.

Growth Rate: 9.65% / Correlation: 53.94%: Investors prefer a decreasing number of outstanding shares as it can enhance EPS, increase the demand for shares and demonstrate management's commitment to shareholder value.

Stock Splits: Last Stock Split 2019-05-02 with a factor of 1:14. This reverse stock split decreased the number of shares and increased the price per share by a ratio of 0.07.
Year Number of Shares (Mill.) Growth
2023 19.69 -3.94%
2022 20.5 +0.72%
2021 20.35 -17.17%
2020 24.57
2019 24.57 +64.49%
2018 14.94 +90.48%
2017 7.84 -0.02%
2016 7.84 +0.02%
2015 7.84 +0.01%
2014 7.84 +0.11%
2013 7.83 +0.01%
2012 7.83 +0.04%
2011 7.83 +0.92%
2010 7.76 +99.11%
2009 3.9 +0.01%
2008 3.9 -0.02%
2007 3.9
2006 3.9
2005 3.9
2004 3.9

Dividend Yields & Ratings

Overall Dividend Rating 6.13
Dividends Paid TTM 3.05 Yield TTM 4.33%
Dividends Paid Average 5y 1.51 Yield Average 5y 2.15%
Growth Rate 5y 22.47% Yield on Cost 5y 22.93%
Payout Consistency all time 23.5% First Payout 2007-01-25
Compare DAC Dividends with its Industry Peers

Last 19 Dividends (Paid in USD)

Date Period Dividend Rate Growth
2023-11-24 Quarterly 0.8 6.7%
2023-08-22 Quarterly 0.75
2023-05-25 Quarterly 0.75
2023-02-27 Quarterly 0.75
2022-11-17 Quarterly 0.75
2022-08-16 Quarterly 0.75
2022-05-26 Quarterly 0.75
2022-02-16 Quarterly 0.75 50%
2021-11-18 Quarterly 0.5
2021-08-13 Quarterly 0.5
2021-05-26 Quarterly 0.5 -92.3%
2008-11-03 Quarterly 6.51
2008-08-04 Quarterly 6.51
2008-04-28 Quarterly 6.51
2008-01-28 Quarterly 6.51
2007-10-31 Quarterly 6.51 5.7%
2007-08-01 Quarterly 6.16
2007-05-02 Quarterly 6.16
2007-01-25 Other 6.16
Dividends, a critical component of investing, offer insights into Danaos Corporation financial health:

  • DAC`s 4.33% Dividend Yield is calculated by dividing the dividend payments of the last 12-Months (TTM) of 3.05 USD by the current stock price.
  • 22.93% Yield on Cost is a metric for long-term investors, reflecting the current dividend yield of 4.33% compared to a 5-Year old purchase price. This metric helps investors assess the income growth potential of their investments over time.
  • The 23.5% Payout Consistency of DAC Dividends gauges Stability (Values above 80%) or Fragility (Values under 60%).
  • The Average Dividend Growth Rate of 22.47% per year in the last 5-Years showcases DAC`s commitment to shareholders. Steady or increasing dividends over time can be a sign of a healthy financial outlook.
As an investor, understanding the dividend-related metrics of DAC Danaos Corporation is essential for building a balanced and income-generating portfolio.

The Overall Dividend Rating of 6.13 is quantified on a scale from 0 to +10.
Ratings surpassing 5 are regarded as favorable, while those exceeding 7.5 are exceptionally strong. The calculations includes the above mentioned: Yield, Yield on Cost, Consistency of Dividend Payment and Growth Rate/CAGR over time.