08:59 AM EST, 11/12/2024 (MT Newswires) -- Danaos ( DAC ) reported Q3 adjusted earnings Tuesday of $6.50 per diluted share, down from $7.26 a year earlier.

Two analysts surveyed by Capital IQ expected $6.78.

Operating revenue for the quarter ended Sept. 30 was $256.2 million, up from $239.2 million a year earlier.

A single analyst surveyed by Capital IQ expected $258 million.

The shipping company raised its quarterly dividend to $0.85 per share, up from $0.80 in the previous quarter. The higher dividend is payable Dec. 4 to shareholders of record as of Nov. 25.

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