Seaspan Stock To Go Ex-dividend Tomorrow (SSW)

NEW YORK ( TheStreet) -- The ex-dividend date for Seaspan Corporation (NYSE: SSW) 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 services sector and transportation 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.

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 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 Seaspan Ratings Report.

See our dividend calendar or top-yielding stocks list.
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