Seanergy Maritime Holdings Corp. to Issue Dividend of $0.10 (NASDAQ:SHIP)

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) announced a dividend on Wednesday, March 5th, NASDAQ Dividends reports. Investors of record on Thursday, March 27th will be paid a dividend of 0.10 per share by the shipping company on Thursday, April 10th. The ex-dividend date of this dividend is Thursday, March 27th.

Seanergy Maritime has a payout ratio of 44.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Seanergy Maritime to earn $0.38 per share next year, which means the company may not be able to cover its $1.04 annual dividend with an expected future payout ratio of 273.7%.

Seanergy Maritime Price Performance

NASDAQ SHIP traded up $0.02 on Friday, reaching $7.09. 264,943 shares of the stock traded hands, compared to its average volume of 266,137. Seanergy Maritime has a 12 month low of $6.55 and a 12 month high of $13.19. The company has a quick ratio of 0.52, a current ratio of 1.99 and a debt-to-equity ratio of 0.72. The firm’s fifty day simple moving average is $6.96 and its 200 day simple moving average is $8.76. The company has a market cap of $146.76 million, a price-to-earnings ratio of 3.03 and a beta of 0.45.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Maxim Group reduced their price objective on shares of Seanergy Maritime from $17.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. StockNews.com cut shares of Seanergy Maritime from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th.

About Seanergy Maritime

Seanergy Maritime Holdings Corp., a shipping company, provides seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 16 Capesize dry bulk vessels and one Newcastlemax dry bulk vessel with a cargo-carrying capacity of approximately 3,054,820 dwt. The company was formerly known as Seanergy Merger Corp.