SmarterDividends
DAC

Danaos Corporation

DAC

Industrials · Marine Shipping · Stock · quarterly payer

$161.96

Overvalued · -41% Add to Portfolio

Forward Yield

2.43%

Annual Dividend

$3.60

Payout Ratio

12%

5-Yr Growth

—

Ex-Date

Oct 13, 2026

Frequency

Quarterly

Key facts about DAC's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 15, 2026, Danaos Corporation (DAC) has a forward dividend yield of 2.43%, based on an annual dividend of $3.60 per share and a share price of $161.96.
  • As of Oct 15, 2026, DAC's dividend safety grade from SmarterDividends is C (61 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Danaos Corporation (DAC) has raised its dividend for 4 consecutive years as of Oct 15, 2026.
  • DAC last cut its regular dividend in 2021.
  • DAC's most recent ex-dividend date was Oct 13, 2026, for a dividend of $1.00 per share.
  • As of Oct 15, 2026, DAC pays out 12% of its trailing 12-month earnings as dividends (its payout ratio).
  • As of Oct 15, 2026, DAC's 2.43% yield is 29% below its five-year average yield of 3.43%.
  • As of Oct 15, 2026, SmarterDividends' blended fair-value estimate for DAC is $94.90 per share, 41% below the $161.96 share price, so DAC screens as overvalued.
  • Danaos Corporation (DAC) pays its dividend quarterly, 4 times a year.
Cite this page

SmarterDividends, "DAC Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 15, 2026, https://smarterdividends.com/stocks/DAC

Summary

As of Oct 15, 2026, Danaos Corporation (DAC) yields 2.43% ($3.60 a year per share), has a dividend safety grade of C (61/100) and has 4 consecutive years of dividend increases on record.

Is DAC a good dividend stock?

Yes, with caveats

Danaos Corporation (DAC) pays a quarterly dividend yielding 2.43% ($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%)
  • 127% total price return over 5 years

Risks

  • Cut its dividend in 2021

Key Data

Dividend Yield
2.43%
Payout Ratio
12%
Annual Dividend
$3.60
5-Yr Avg Growth
—
Ex-Dividend Date
Oct 13, 2026
Years of Growth
4
Frequency
quarterly
Beta
0.86
Market Cap
$2.9B
P/E Ratio
5.6
5-Yr Total Return
127%
52-Week Range
$83.67 – $171.09
Dividend Safety
C · 61/100
Ever Cut?
Yes (2021)
DAC ex-dividend date & scheduleNext ex-date Oct 13, 2026 · full ex-dividend historyView →DAC dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is DAC a good dividend stock?

Yes, with caveats. Danaos Corporation (DAC) pays a quarterly dividend yielding 2.43% ($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.

Is DAC undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, DAC's fair value is about $94.90 versus a $161.96 share price — so it looks overvalued (-41% vs. fair value).

Is DAC's dividend safe?

DAC has a dividend-safety grade of C (61/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a dividend cut in 2021, debt and yield-versus-history.

What is DAC's fair value?

Our blended fair-value estimate for DAC is about $94.90 per share, about 41% below the current $161.96 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is DAC a buy, hold, or sell?

We don't issue formal ratings, but on the data DAC screens as "yes, with caveats" and overvalued. Danaos Corporation (DAC) pays a quarterly dividend yielding 2.43% ($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. This is research for your own analysis, not investment advice.

Will DAC cut its dividend?

DAC earns a dividend-safety grade of C (61/100), and has cut its dividend before (last in 2021). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does DAC pay a dividend?

Yes. Danaos Corporation pays a quarterly dividend of about $3.60 per share annually, a forward yield of roughly 2.43%.

What is DAC's dividend yield?

As of Oct 15, 2026, DAC's forward dividend yield is 2.43%, based on a $3.60 annual dividend and a $161.96 share price.

What is DAC's dividend per share?

As of Oct 15, 2026, DAC pays $3.60 per share per year, distributed on a quarterly basis.

What is DAC's dividend payout ratio?

As of Oct 15, 2026, DAC's payout ratio is 12% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has DAC grown its dividend?

As of Oct 15, 2026, DAC has increased its dividend for 4 consecutive years.

When is the next DAC ex-dividend date?

As of Oct 15, 2026, DAC's next ex-dividend date hasn't been announced. The most recent was Oct 13, 2026, for $1.00 per share.

Income Calculator

At $3.60 / yr per share

Per payment (quarterly)$90.00
Annual$360.00
Monthly avg$30.00

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