NEW YORK (
) -- The ex-dividend date for
) is tomorrow, May 24, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $15.83 as of 9:30 a.m. ET, the dividend yield is 6.3%.
The average volume for Seaspan has been 327,500 shares per day over the past 30 days. Seaspan has a market cap of $1.01 billion and is part of the
industry. Shares are up 16.6% year to date as of the close of trading on Tuesday.
Seaspan Corporation owns and operates the containerships in Hong Kong. The company charters its containerships pursuant to long-term, fixed-rate time charters to various container liner companies. As of April 30, 2012, it operated a fleet of 69 vessels.
- Sign up for TheStreet's FREE Dividend and Income Investor Newsletter
TheStreet Ratings rates Seaspan as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, a generally disappointing performance in the stock itself and generally poor debt management. You can view the full