Danaos Corporation (DAC) Stock Split History

Danaos Corporation has split its stock once since its initial public offering (IPO). The stock split of Danaos Corporation occurred on May 02, 2019 on a 1-for-14 basis, meaning that for 14 shares of DAC owned pre-split, shareholders then owned 1 share.

This action has increased the stock's liquidity and made it more appealing to a larger group of investors. However, it's important to remember that a stock split only changes the number of shares and the price per share with no impact on Danaos Corporation's total market capitalization.

The answer will depend on the decisions of the company's managers and market volatility. Danaos Corporation has not made an official announcement regarding whether it will enact a stock split or reverse stock split, but it has a history of doing so when DAC stock prices become too high or too low for retail investors. Therefore, the ultimate decisions will certainly be made by Danaos Corporation's board of directors. Typically, no action is taken until its price per share reaches a specific threshold.