Danaos Q3: Dividends On The Rise, Buybacks Persist - Is It Enough?

Nov. 30, 2023 10:00 AM ETDanaos Corporation (DAC) StockDAC10 Comments
Nikolaos Sismanis
8.41K Followers

Summary

  • 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.

Stacked containers on a large Maersk containership

SBWorldphotography

A Recap of My Previous Update

In late October, I penned an update on Danaos (NYSE:DAC), providing some constructive criticism on management's capital allocation practices. I highly recommend you read the whole piece for the full context of

Wheel of FORTUNE is a most comprehensive service, covering all asset-classes: common stocks, preferred shares, bonds, options, currencies, commodities, ETFs, and CEFs.

  • WoF is 1 out-of-only 3 services with 50+ reviews that have a 5* rating.
  • WoF is 1 out-of-only 7 services with 25+ reviews that have a 5* rating.

  • Single, uncorrelated, trading ideas [ >250/year, on average].
  • Managed portfolios, aim at outperforming SPY on a risk-adjusted basis.

Join The Wheel. Build & Protect Your Fortune.

This article was written by

8.41K Followers
Nikolaos Sismanis holds a BSc in Banking and Finance and has over five years of experience as an equities analyst. He covers a variety of growth stocks and income stocks, including identifying those with the highest expected return potential, and a solid margin of safety. He is a contributing author to the investing group Wheel of Fortune where they share actionable trading ideas across all asset-classes, sectors and industries. The goal of the service is to provide a one-stop-shop for investment and portfolio ideas, while educating the vibrant community of subscribers. Features of the service include: the Funds Macro Portfolio (only ETFs and CEFs) for less active investors, the Single Macro Portfolio (single equity focused) for more active investors, educational content, and a live chat room to openly discuss ideas with like-minded investors and The Fortune Teller. Learn more.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of DAC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About DAC Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on DAC

Related Stocks

SymbolLast Price% Chg
DAC
--