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Danaos Corp (DAC) is an international owner of containerships. It provides international seaborne transportation services by operating vessels in the containership sector of the shipping industry.

The company's customers include, HMM, MSC, Yang Ming, Hapag Lloyd, ZIM, Maersk, COSCO, OOCL, ONE, PIL, Sealead, Niledutch, Samudera, OSC, and Arkas. Geographically, the company operates in Australia-Asia, Europe, and America, with maximum revenue from the Australia-Asia region.

It has two reporting segments Container vessels and Drybulk vessels. It generates the majority of its revenue from Container vessels.

The company was formerly known as Danaos Holdings Limited and changed its name to Danaos Corporation in October 2005.

Danaos Corporation was founded in 1963 and is based in Piraeus, Greece.

Three key data points gauge Danaos Corporation or any dividend-paying firm.

The key three are:

(1) Price

(2) Dividends

(3) Returns

Those three keys also best tell whether any company has made, is making, and will make money.

DAC Price

Share price rose about 3.2% in the past year from $75.99 to $78.41, as of Monday’s market close.

In the past 3 years, the company’s share price has ranged from $51.46 to $105.93.

If shares trade in the range of $57.00 to $107 this next year, the recent $78.41 share price might grow to $100.00 Of course, DAC shares could also drop about the same $21.59 estimated amount, or more.

My $21.59 price upside estimate is based on the median of one-year target price gains estimated for DAC by two analysts tracking it for brokers.

DAC Dividend

Danaos Corporation has paid variable quarterly dividends since June 2021. The company’s most recent Q dividend of $0.85 was declared on November 12th for shareholders of record prior to November 25th last year and the payout was made on December 4th. A forward-looking annual dividend of $3.40 yields 4.34% per Monday’s closing price.

DAC Returns

Putting it all together, a $24.99 estimated annual gross gain per share shows up by adding DAC’s annual $3.40 dividend to the estimated $21.59 annual price gain, totaling that $24.99 amount.

A little over $1000 buys 13 shares at Monday’s $78.41 share price.

A $10 broker fee (if charged), collected half at purchase and half at sale, might take about $0.77 per share out of the $24.99 gross gain to give us a net gain of $24.22 X 13 shares = $314.86 for about a 31.00% estimated net gain on the year.

Furthermore, the $43.40 annual estimated dividend income from $1k invested in DAC is a little better than half the $78.43 single-share price. By these numbers, DAC won’t be an ideal industrial dividend dog until the share price drops below $59.00.

Therefore, you may want to wait to pounce on Danaos Corporation. Until the share price reaches $58.30. It is a 62 year-old quarterly dividend-paying shipping company with a 4 year dividend record.

The exact track of Danaos Corporation SA's future price and dividend will entirely be determined by market action and company finances.

Remember the best way to track dividend payments is through direct ownership of company shares.

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