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Ebube Jones

This High-Yield Shipping Stock Just Raised Its Dividend by More Than 11%

Danaos DAC Danaos Corporation

Dividend season is delivering more than the usual trickle of modest hikes. Across the market this year, companies with strong cash flows have been lifting payouts by meaningful percentages. Mastercard (MA) recently lifted its quarterly dividend by 15.4% to $0.90 per share, while Carlisle Companies (CSL) boosted its quarterly payout by 14%, extending the list of companies using dividend growth to reward shareholders.

Danaos Corporation (DAC) has now joined that group with an eye-catching move. The containership owner raised its quarterly dividend by 11%, from $0.90 to $1.00 per share.

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