Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) to Issue Dividend of $0.10

Seanergy Maritime Holdings Corp. (NASDAQ:SHIP) declared a dividend on Wednesday, March 5th, NASDAQ Dividends reports. Stockholders of record on Thursday, March 27th will be paid a dividend of 0.10 per share by the shipping company on Thursday, April 10th. The ex-dividend date is Thursday, March 27th.

Seanergy Maritime has a payout ratio of 44.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Seanergy Maritime to earn $0.38 per share next year, which means the company may not be able to cover its $1.04 annual dividend with an expected future payout ratio of 273.7%.

Seanergy Maritime Trading Up 0.3 %

SHIP traded up $0.02 on Friday, hitting $7.09. The company had a trading volume of 264,943 shares, compared to its average volume of 266,137. The company has a market cap of $146.76 million, a PE ratio of 3.03 and a beta of 0.45. Seanergy Maritime has a 12-month low of $6.55 and a 12-month high of $13.19. The company has a quick ratio of 0.52, a current ratio of 1.99 and a debt-to-equity ratio of 0.72. The business’s fifty day simple moving average is $6.96 and its 200 day simple moving average is $8.76.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Maxim Group dropped their target price on Seanergy Maritime from $17.00 to $11.00 and set a “buy” rating for the company in a research report on Monday, February 3rd. StockNews.com lowered Seanergy Maritime from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th.

About Seanergy Maritime

Seanergy Maritime Holdings Corp., a shipping company, provides seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 16 Capesize dry bulk vessels and one Newcastlemax dry bulk vessel with a cargo-carrying capacity of approximately 3,054,820 dwt. The company was formerly known as Seanergy Merger Corp.