SSW - Seaspan

[gaf63]

Have been wondering when they would get to announcing the div.  ,

They kept it the same , no raise,  Their phrase "sustainable" is trumping their " progressive"


Seaspan Declares Dividend of $0.1875 Per Common Share for Fourth Quarter 2011


HONG KONG, CHINA -- (MARKET WIRE) -- 02/03/12 -- Seaspan Corporation (NYSE: SSW) announced today that the Company's Board of Directors has declared a quarterly dividend of $0.1875 per common share for the three months ended December 31, 2011. The dividend will be paid on February 22, 2012 to all shareholders of record as of February 13, 2012.

[Santayana]

Big price move on big volume in the past hour.   Wonder if some information got leaked about next quarter's dividend.   It was 1st quarter last year that they raised from .12 to .19 causing a big run up.

[JEast]

If you are a US shareholder, don't worry about an increase in the dividend as it will all go to pay the increased taxes.  That is - if the new proposed budget is accepted to triple the dividend tax

http://online.wsj.com/article/SB10001424052970204880404577225493025537660.html?mod=WSJ_hp_LEFTTopStories

Cheers
JEast

[Santayana]

Holding in the tax deferred account, so hopefully I won't feel all the pain!

[Uccmal]

Seems kind of strange.

[Santayana]

More of the same today.   I was hoping to get a chance to buy some more under $15, but for now it looks like the train has left the station.

[Uccmal]

I cant figure this out.  Searched the news and there seems to be nothing.  Maybe it was added to an index in Asia or some such.  Trimmed a tiny bit today - still a 10% position.

[Uccmal]

Only a value investor wants to know why his stock goes up in value....

[Santayana]

2011 results are out and there's that dividend increase.

http://ir.seaspancorp.com/releasedetail.cfm?ReleaseID=652954

[gaf63]

Heads up for US shareholders:  doing my taxes and found out that SSW has restated their divs. as non div. distributions for income allocations.  So the divs. are not qualified divs as in years before and the tax due will be at ordinary income rates in taxable accounts.  Would think they would have contacted shareholders of this change.  Hopefully I dont end up with an underpayment penalty.  Scottrade is looking into this tax treatment and I have an email in to SSW inv. relations.