Danaos

Danaos announced an increase in its dividend and the renewal of its share buyback program, reflecting a positive stance on returning value to shareholders. The company's strong performance persists, and with the ongoing surge in dry bulk rates, Danaos' debt-free vessels could further boost results. While certain investors may view Danaos' capital returns as underwhelming, the management has demonstrated prudence and a positive shift in the right direction. » Mehr auf seekingalpha.com

ATHENS, Greece--(BUSINESS WIRE)--Danaos Corporation (NYSE: DAC), one of the world's largest independent owners of containerships, announced today that it will release its results for the third quarter ended September 30, 2023, after the close of the market in New York on Monday, November 13, 2023. The Company's management team will host a conference call to discuss the results on Tuesday, November 14, 2023 at 9:00 A.M. ET. Conference Call Details: Participants should dial into the call 10 minut. » Mehr auf businesswire.com

Danaos Corporation offers a strong balance sheet with ample liquidity, supporting opportunistic capital allocation. Its dividend yield may not be the highest, but is supported by great coverage and excellent free cash flow. No significant maturities until 2028 and about 2.5 years' worth of revenue in contract backlog makes Danaos well prepared to continue paying dividends. » Mehr auf seekingalpha.com