Danaos Corporation Declares Quarterly Dividend on Its Common Stock for the Third Quarter of 2026 and an Extraordinary Special Dividend
The special dividend adds $5.00 per share to the quarterly cash distribution.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Danaos (DAC) declared an extraordinary special cash dividend of $5.00 per common share, payable on October 22, 2026. It also declared a $1.00 quarterly cash dividend for the quarter ended September 30, 2026. Both dividends are payable to holders of record at the close of business on October 13, 2026, who will receive an aggregate $6.00 per share on October 22, 2026.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate point. Forward-looking: it has not happened yet and may not happen.$5.00 per share special cash dividend returns additional cash to common shareholders on October 22, 2026.
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
In addition, the Company today declared an extraordinary special cash dividend of
Holders of record on October 13, 2026, will therefore receive an aggregate cash distribution of
About Danaos Corporation
Danaos Corporation is one of the largest independent owners of modern, large-size containerships. Our current fleet of 78 containerships, aggregating 502,265 TEUs, together with 28 containerships under construction, aggregating 177,776 TEUs, ranks Danaos among the world's largest containership charter owners based on total pro-forma capacity of 680,041 TEUs. Danaos has also invested in the dry bulk sector through the acquisition of 11 Capesize dry bulk vessels and the order of four Newcastlemax dry bulk newbuildings, which, on a fully delivered basis, will aggregate approximately 2,787,286 dwt of capacity. Our containership fleet is chartered to many of the world's largest liner companies on fixed-rate charters. Our long track record of success is built on efficient and rigorous operational standards and environmental controls. Danaos Corporation's shares trade on the New York Stock Exchange under the symbol "DAC."
View original content:https://www.prnewswire.com/news-releases/danaos-corporation-declares-quarterly-dividend-on-its-common-stock-for-the-third-quarter-of-2026-and-an-extraordinary-special-dividend-302895932.html
SOURCE Danaos Corporation
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What is the record date for Danaos (DAC)'s quarterly and special dividends?
Both dividends are payable to holders of record at the close of business on October 13, 2026. The quarterly and special dividends share the same payment date of October 22, 2026.