DAC (NYSE) - Dividend History and Outstanding Shares
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.
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 |
- 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.
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.