Seanergy Maritime Reports First Quarter 2026 Financial Results – Declares $0.20 Per Share Cash Dividend
Seanergy Maritime Holdings Corp. (“Seanergy” or the “Company”) (NASDAQ: SHIP), a leading pure-play Capesize owner and operator, reported its financial results for the first quarter of 2026, and announced a quarterly cash dividend of $0.20 per common share. This represents Seanergy’s 18 th consecutive quarterly dividend under its capital return policy, underscoring the Company’s commitment to disciplined capital allocation and consistent shareholder returns.
For the quarter ended March 31, 2026, the Company generated Net Revenues of $42.9 million, compared to $24.2 million in the first quarter of 2025. Net Income and Adjusted Net Income for the quarter were $9.7 million and $13.4 million, respectively, compared to Net Loss of $6.8 million and Adjusted Net Loss of $5.5 million in the first quarter of 2025. EBITDA and Adjusted EBITDA for the quarter were $23.6 million and $28.1 million, respectively, compared to $6.6 million and $8.0 million, respectively, for the same period of 2025. The fleet achieved a daily Time Charter Equivalent (“TCE”) of $24,219 for the first quarter of 2026, representing a 6% premium over the average Baltic Capesize Index – 180 (“BCI-180”) of $22,902 for the same period.
Cash and cash-equivalents and restricted cash, as of March 31, 2026, stood at $68.8 million. Stockholders’ equity at the end of the first quarter was $289.3 million. Long-term debt (senior loans and other financial liabilities) net of deferred charges stood at $319.7 million, while the book value of the fleet was $530.5 million, including instalments paid for vessels under construction.
Stamatis Tsantanis, the Company’s Chairman & Chief Executive Officer, stated:
“Seanergy delivered a very strong first quarter, with Adjusted EPS of $0.63 and Adjusted EBITDA of $28.1 million, up 251% year-over-year, demonstrating the earnings power of our pure-play Capesize platform, despite the seasonally weakest period of the year. Reflecting on this performance and our disciplined capital return policy, we are pleased to declare our 18th consecutive quarterly cash dividend of $0.20 per share, bringing cumulative distributions to $2.84 per share since program inception.
“We have meaningfully advanced our fleet renewal program, contracting three additional newbuilding vessels at leading shipyards in China and Japan, and agreeing to sell one of our older Capesize vessels at firm secondhand pricing. Since launch, the program now comprises six modern eco-design newbuildings and three older vessel disposals, a significant upgrade to fleet quality, efficiency and long-term earnings capacity. To date, Seanergy has advanced approximately $69 million from internal funds toward our newbuilding program, while financing for four vessels has already been agreed at attractive terms.
“Our newbuilding strategy combines disciplined growth with risk management. Based on advanced discussions with leading charterers, we expect these vessels to secure multi-year time charters with downside protection above cash breakeven, complemented by profit-sharing mechanisms preserving meaningful upside exposure. The combination of attractive early delivery dates in a tight global newbuilding market, competitive financing, and selective disposals represents capital allocation positioned to deliver compelling long-term returns.
“On the commercial front, our consistent index-linked employment strategy enabled fleet outperformance of the BCI-180, while disciplined use of the conversion options from floating to fixed time charter rates, allows Seanergy to capture market upside, while limiting our downside risk where possible. During the strong first quarter Capesize market, our fleet outperformed the BCI-180, while for the second quarter we expect to achieve a daily TCE of about $31,4303 . From the second quarter onward, approximately 45% of our available days are fixed at an average rate exceeding $29,000 per day providing meaningful earnings visibility, while preserving substantial exposure to market upside.
“The Capesize market has started 2026 on a strong footing, supported by resilient Chinese iron ore demand, continued growth in bauxite trades, rising West African iron ore exports, and healthy coal volumes. The energy security issues raised by the Middle East crisis and the expectations of strong El Nino weather pattern are expected to further support ton mile demand for the rest of the year. At the same time, effective fleet supply remains constrained due to limited new deliveries, slower sailing speeds, and an aging Capesize fleet. While macroeconomic and geopolitical uncertainties remain, we remain encouraged by the underlying strength in tonmile demand and the medium-term supply backdrop.
“With a modernizing fleet, disciplined risk management and a clear capital allocation strategy, we believe Seanergy is optimally positioned to continue creating value for shareholders heading into a structurally supportive 2027-2029 market window.”
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Dorian LPG Ltd. Declares Irregular Cash Dividend of $1.00 Per Share
Dorian LPG Ltd. (NYSE: LPG) (the “Company” or “Dorian LPG”), a leading owner and operator of modern and ECO very large gas carriers (“VLGCs”), announced that its Board of Directors has declared an irregular cash dividend of $1.00 per share of the Company’s common stock, returning approximately $42.8 million of capital to shareholders.
The irregular dividend is payable on or about May 28, 2026 to all shareholders of record as of the close of business on May 18, 2026.
Aon announced 10% Increase to Quarterly Cash Dividend
AON, a leading global professional services firm, announced that its Board of Directors has approved a 10% increase to its quarterly cash dividend on Aon’s outstanding Class A Ordinary Shares.
Consistent with the 10% increase in the dividend, the Board of Directors has declared a quarterly cash dividend of $0.820 per share on Aon’s outstanding Class A Ordinary Shares. The dividend is payable May 15, 2026 to shareholders of record on May 1, 2026.
Aon Announces Fourth-Quarter and Full-Year 2025 Earnings Release, Conference Call Date and Quarterly Cash Dividend
AON, a leading global professional services firm, plans to announce fourth-quarter and full-year 2025 results on Friday, January 30, 2026, in a news release to be issued at 6:30 AM ET.
Aon’s President and CEO Greg Case and CFO Edmund Reese will also host a conference call at 8:30 AM ET on Friday, January 30, 2026, which will be broadcast live through Aon’s Investor Relations website at ir.aon.com. A replay will be available shortly after the live webcast. The earnings release and supplemental slide presentation will also be available on Aon’s Investor Relations website.
AON also announced that the Board of Directors has declared a quarterly cash dividend of $0.745 per share on Aon’s outstanding Class A Ordinary Shares. The dividend is payable February 13, 2026 to shareholders of record on February 2, 2026.
Aon Announces Quarterly Cash Dividend
AON, a leading global professional services firm, announced that the Board of Directors has declared a quarterly cash dividend of $0.745 per share on Aon’s outstanding Class A Ordinary Shares. The dividend is payable August 15, 2025 to shareholders of record on August 1, 2025.
Aon Announces 10% Increase to Quarterly Cash Dividend
AON, a leading global professional services firm, today announced that its Board of Directors has approved a 10% increase to its quarterly cash dividend on Aon’s outstanding Class A Ordinary Shares.
Consistent with the increase in the dividend, the Board of Directors has declared a quarterly cash dividend of $0.745 per outstanding Class A Ordinary Shares, reflecting a 10% increase from $0.675 per share. The dividend is payable May 15, 2025 to shareholders of record on May 1, 2025.
Aon Announces Quarterly Cash Dividend
AON, a leading global professional services firm, announced that the Board of Directors has declared a quarterly cash dividend of $0.675 per share on outstanding Class A Ordinary Shares. The dividend is payable February 14, 2025 to shareholders of record on February 3, 2025.
Aon Announced Quarterly Cash Dividend
AON, a leading global professional services firm, announced that the Board of Directors has declared a quarterly cash dividend of $0.675 per share on outstanding Class A Ordinary Shares. The dividend is payable August 15, 2024 to shareholders of record on August 1, 2024.
AON exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries and sovereignties with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.
Aon Announces 10% Increase To Quarterly Cash Dividend
AON, a leading global professional services firm, announced that its Board of Directors has approved a 10% increase to its quarterly cash dividend on Aon’s outstanding Class A Ordinary Shares.
Consistent with the increase in the dividend, the Board of Directors has declared a quarterly cash dividend of $0.675 per outstanding Class A ordinary shares, reflecting a 10% increase from $0.615 per share. The dividend is payable May 15, 2024 to shareholders of record on May 1, 2024.
OceanPal Inc. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2022; Declares a Cash Dividend of $0.01 Per Share
OceanPal Inc., a global shipping company specializing in the ownership of vessels, reported net income of $648 thousand and net income attributed to common stockholders of $157 thousand for the second quarter of 2022. Time charter revenues for the same period were $4.6 million.
Net income for the six months ended June 30, 2022 amounted to $1.1 million and net loss attributed to common stockholders amounted to $277 thousand. Time charter revenues for the same period were $8.3 million.
Dividend Declaration
The Company declared a cash dividend on its common stock of $0.01 per share for the second quarter ended June 30, 2022. The cash dividend will be payable on or about August 31, 2022 to all common shareholders of record as of August 12, 2022. The Company has 29.83 million shares of common stock issued and outstanding. Holders of the Company’s Class A Warrants as of August 12, 2022 will also receive a cash payment in the amount of $0.01 for each common share that such holder would be entitled to receive upon exercise of their Class A Warrants. As of August 1, 2022 there are Class A Warrants exercisable for an aggregate of 14.47 million common shares.
OceanPal Inc. is a global provider of shipping transportation services through its ownership of vessels. The Company’s vessels currently transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes and it is expected that the Company’s vessels will be primarily employed on short term time and voyage charters following the completion of their current employments.