Danaos Corporation (DAC) Dividends
DAC Price Forecast Based on Dividend Discount Model
| Current Price | DDM Fair Value Target: | Forecasted Gain: |
| $76.40 | $45.25 | -56.51% |
The Dividend Discount Model (DDM) is a valuation model that attempts to determine a fair share price for a stock, based on the dividend it provides in comparison to several company-specific metrics indicative of the riskiness of the stock and the financial health of the company. Regarding Danaos Corp, the dividend discount model StockNews created for the company implies a negative return of 56.51%. Some interesting points we thought investors may wish to consider regarding the dividend discount model forecast for Danaos Corp are:
- As for its position relative to other Industrials stocks that issue dividends, Danaos Corp offers a higher dividend yield than 83.48% of them.
- Beta tells us how volatile a stock's price is relative to the broader equity index; as for DAC, approximately just 12.64% of US-listed dividend issuers had a higher beta, and thus may have greater price volatility.
DAC Dividend History
| Ex-Dividend Date | Type | Payout Amount | Change |
|---|---|---|---|
| 2024-11-25 | Dividend | $0.85 | +6.25% |
| 2024-08-20 | Dividend | $0.80 | -- |
| 2024-06-11 | Dividend | $0.80 | -- |
| 2024-02-27 | Dividend | $0.80 | -- |
| 2023-11-24 | Dividend | $0.80 | +6.67% |
| 2023-08-22 | Dividend | $0.75 | -- |
| 2023-05-25 | Dividend | $0.75 | -- |
| 2023-02-27 | Dividend | $0.75 | -- |
| 2022-11-17 | Dividend | $0.75 | -- |
| 2022-08-16 | Dividend | $0.75 | -- |
| 2022-05-26 | Dividend | $0.75 | -- |
| 2022-02-16 | Dividend | $0.75 | +50.00% |
| 2021-11-18 | Dividend | $0.50 | -- |
| 2021-08-13 | Dividend | $0.50 | -- |
| 2021-05-26 | Dividend | $0.50 | +6.38% |
| 2019-05-02 | Split | 1-14-for-1 Stock Split | N/A |
| 2008-11-03 | Dividend | $0.47 | -- |
| 2008-08-04 | Dividend | $0.47 | -- |
| 2008-04-28 | Dividend | $0.47 | -- |
| 2008-01-28 | Dividend | $0.47 | -- |
| 2007-10-31 | Dividend | $0.47 | +5.68% |
| 2007-08-01 | Dividend | $0.44 | -- |
| 2007-05-02 | Dividend | $0.44 | -- |
| 2007-01-25 | Dividend | $0.44 | -- |
DAC Dividends vs. Peers
DAC's dividend yield currently ranks #55 of 64 vs. its peers in the Shipping category.