US investment bank Jefferies expects Danaos Corp to give a little back to stakeholders and improved its 2020 full-year outlook on the Greek boxship owner.
The Houston-based financial services firm foresees Danaos posting a dividend between $0.10 and $0.20 for the first quarter based on recent acquisitions of two ships.
"While management delayed announcing a formal dividend policy due to the ongoing coronavirus uncertainty, we believe a quarterly cash dividend will be announced as early as next quarter given the company's improved balance sheet and massive charter backlog," analyst Randy Giveans wrote in a client note.
