Seaspan Corp (SSW) Misses Q1 EPS by 5c, Raises Quarterly Dividend to $0.1875, 4.2% Yield
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Seaspan Corp (NYSE: SSW) reported Q1 EPS of $0.24, $0.05 worse than the analyst estimate of $0.29. Revenue for the quarter came in at $121 million versus the consensus estimate of $120.93 million.
During the quarter Completed public offering of 10 million shares of 9.5% Series C preferred stock in January 2011, for net proceeds of $241 million.
SSW also declared a first quarter dividend of $0.1875 per common share to be paid on May 23, 2011 to all shareholders of record as of May 14, 2011. The ex-dividend date is May 12 and the yield is 4.2%.
During the quarter Completed public offering of 10 million shares of 9.5% Series C preferred stock in January 2011, for net proceeds of $241 million.
SSW also declared a first quarter dividend of $0.1875 per common share to be paid on May 23, 2011 to all shareholders of record as of May 14, 2011. The ex-dividend date is May 12 and the yield is 4.2%.
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