Danaos Corporation
DACIndustrials · Stock · quarterly payer
$129.95
Add to PortfolioForward Yield
2.77%
Annual Dividend
$3.60
Payout Ratio
12%
5-Yr Growth
—
Ex-Date
May 26, 2026
Frequency
Quarterly
DAC Dividend Safety Score
63/ 100
Grade C
Borderline
Dividend-growth streak3 consecutive years of growth
Cut historyCut its dividend in 2021
Earnings payout coverage12% of earnings paid out
Free-cash-flow coverage49% of free cash flow
Balance-sheet strengthDebt/equity of 0.26
Yield vs its historyYield in line with its history
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Is DAC a good dividend stock?
Yes, with caveatsDanaos Corporation (DAC) pays a quarterly dividend yielding 2.77% ($3.60/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (12%)
- 70% total price return over 5 years
Risks
- Cut its dividend in 2021
Key Data
- Dividend Yield
- 2.77%
- Payout Ratio
- 12%
- Annual Dividend
- $3.60
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- May 26, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- 0.88
- Market Cap
- $2.4B
- P/E Ratio
- 4.6
- 5-Yr Total Return
- 70%
- 52-Week Range
- $83.56 – $135.21
- Dividend Safety
- C · 63/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 26, 2026 | — | $0.9000 | regular |
| Feb 23, 2026 | — | $0.9000 | regular |
| May 27, 2025 | — | $0.8500 | regular |
| Feb 24, 2025 | — | $0.8500 | regular |
| Nov 25, 2024 | — | $0.8500 | regular |
| Aug 20, 2024 | — | $0.8000 | regular |
| Jun 11, 2024 | — | $0.8000 | regular |
| Feb 27, 2024 | — | $0.8000 | regular |
| Nov 24, 2023 | — | $0.8000 | regular |
| Aug 22, 2023 | — | $0.7500 | regular |
| May 25, 2023 | — | $0.7500 | regular |
| Feb 27, 2023 | — | $0.7500 | regular |
| Nov 17, 2022 | — | $0.7500 | regular |
| Aug 16, 2022 | — | $0.7500 | regular |
Income Calculator
At $3.60 / yr per share
Per payment (quarterly)$90.00
Annual$360.00
Monthly avg$30.00
