Seaspan Stock To Go Ex-dividend Tomorrow (SSW)

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.

See our dividend calendar or top-yielding stocks list.

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