NEW YORK ( TheStreet) -- The ex-dividend date for Seaspan Corporation (NYSE: SSW) is tomorrow, August 11, 2011. Owners of shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $12.06 as of 9:34 a.m. ET, the dividend yield is 6.4%.

The average volume for Seaspan has been 454,800 shares per day over the past 30 days. Seaspan has a market cap of $811.6 million and is part of the services sector and transportation industry. Shares are down 1.9% year to date as of the close of trading on Tuesday.

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. The company has a P/E ratio of 18.1, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Seaspan as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, robust revenue growth and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Seaspan Ratings Report.

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