Wednesday Is Your Last Chance To Buy Danaos Before The Dividend Payout

Wednesday marks the last chance for investors to receive the next dividend payout from Danaos DAC.

What's Happening

The company announced on Monday that it would pay shareholders a quarterly dividend of 75 cents per share. On Thursday, Danaos will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 75 cents lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own DAC as of the end of Wednesday's session are eligible to receive the 75 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on June 07, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

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Click here to visit our Dividends Calendar.