These Were Last Week’s 10 Best Dividend Stocks

6. Danaos Corporation (NYSE:DAC)

Dividend yield: 4.05%

Dividend payout ratio: 11.08%

Ex-Dividend Date: February 24, 2025

Number of Hedge Funds: 12

Last week, February 10 through February 14, 2025, the shares of Danaos Corporation (NYSE:DAC) saw a 4.64% growth in value, mainly due to its operating revenue increasing by 3.6% to $258.2 million during the fourth quarter of 2024.

One of the largest owners of containerships in the world, Danaos Corporation (NYSE:DAC), has raised a new $850 million syndicated loan facility. The amount is to finance all vessels under construction fully. It highlighted the company’s interest in modernizing the fleet and expanding it to meet the rising demands. Another significant contributor to the rise in value was the repurchases. Danaos Corporation repurchased an additional $45.6 million in stock since the last earnings release. This brought the total buybacks to $168.8 million. Since it stands close to the authorized amount of $200 million, the stock is gaining attention from income opportunity-seeking investors in the market.

Danaos Corporation (NYSE:DAC) offers a dividend yield of 4.05%. The company’s dividend payout stands low at 11.08%, indicating that the company can fund its dividend payments with fractions of its earnings. Insider Monkey reported that 12 hedge fund portfolios had positions in the company at the end of Q3 2024, suggesting moderate institutional backing. Investors aiming to benefit from March 5, 2025, dividend payments may purchase shares on or before March 13, 2025.