Danaos Corporation
DACIndustrials · Stock · quarterly payer
Forward Yield
2.86%
Annual Dividend
$3.60
Payout Ratio
12%
5-Yr Growth
—
Ex-Date
Jul 21, 2026
Frequency
Quarterly
Summary
As of July 2026, Danaos Corporation (DAC) yields 2.86% ($3.60 per share annually), with a blended fair-value estimate of $64.10 — -49% downside, so it screens as overvalued. Dividend safety grade: C (63/100). 4 years of dividend growth.
Is DAC a good dividend stock?
Yes, with caveatsDanaos Corporation (DAC) pays a quarterly dividend yielding 2.86% ($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%)
- 51% total price return over 5 years
Risks
- Cut its dividend in 2021
Key Data
- Dividend Yield
- 2.86%
- Payout Ratio
- 12%
- Annual Dividend
- $3.60
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Jul 21, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- 0.89
- Market Cap
- $2.3B
- P/E Ratio
- 4.4
- 5-Yr Total Return
- 51%
- 52-Week Range
- $83.56 – $135.21
- Dividend Safety
- C · 63/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
DAC Price — Last 12 Months
Daily close
Price Return
1 Year
+37%
3 Years
+88%
5 Years
+51%
52-Week Range
$83.56 – $135.21
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is DAC worth?
Overvaluedlow confidenceOur blended fair-value estimate for Danaos Corporation is $64.10 per share, versus a market price of $125.87. That implies 49% of downside.
Fair Value
$64.10
Current Price
$125.87
Downside
-49%
Margin of Safety
-96%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 4.3% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.7% discount rate (CAPM), 4.3% stage-1 growth, 2.5% terminal growth, $28.33 EPS, $3.60 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
DAC Dividend Safety Score
Borderline
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
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
