NEW YORK ( TheStreet) -- The ex-dividend date for Seaspan Corporation (NYSE: SSW) is tomorrow, May 11, 2011. Owners of shares as of market close today will be eligible for a dividend of 18 cents per share. At a price of $18.22 as of 9:32 a.m. ET, the dividend yield is 4.3%.

The average volume for Seaspan has been 479,000 shares per day over the past 30 days. Seaspan has a market cap of $1.2 billion and is part of the services sector and transportation industry. Shares are up 45.3% year to date as of the previous trading day's close.

Seaspan Corporation owns and operates the containerships that are engaged in the deep-sea container transportation business in Hong Kong. The company charters its containerships pursuant to long-term, fixed-rate time charters to various container liner companies.
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TheStreet Ratings rates Seaspan as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and generally poor debt management. You can view the full Seaspan Ratings Report.

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