Seaspan Stock To Go Ex-dividend Tomorrow (SSW)

NEW YORK ( TheStreet) -- The ex-dividend date for Seaspan Corporation (NYSE: SSW) is tomorrow, November 9, 2011. Owners of shares as of market close today will be eligible for a dividend of 19 cents per share. At a price of $12.97 as of 9:30 a.m. ET, the dividend yield is 5.8%.

The average volume for Seaspan has been 289,700 shares per day over the past 30 days. Seaspan has a market cap of $878.6 million and is part of the services sector and transportation industry. Shares are up 4.8% year to date as of the close of trading on Monday.

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, good cash flow from operations and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full Seaspan Ratings Report.

See our dividend calendar or top-yielding stocks list.

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