A cash dividend is a company paying money directly from its treasury to shareholders, with each person receiving a fixed dollar amount per share they own. SHIP declared one at USD 0.35 per share on a quarterly schedule. The shares go ex-dividend September 25, 2026, and the payment reaches accounts on October 9.
How the three dates govern who gets paid
Every dividend comes with three specific dates, and the most consequential for most investors is the ex-dividend date.
September 25 is both the ex-dividend date and the record date for this SHIP distribution. The ex-dividend date is the eligibility cutoff: own shares before that date and you receive USD 0.35 per share. Buy on September 25 or later and the seller, not you, collects this quarter's payment. The record date falling on the same day as the ex-date is standard under current settlement conventions.
The payment date is October 9. That is the specific day USD 0.35 per share moves from the company into shareholder accounts, two weeks after eligibility was determined.
What "quarterly" means here and what it does not
SHIP designated this as a quarterly dividend, meaning the company has stated an intent to pay four times per year. The only payment actually authorized in this announcement is the single USD 0.35 per share distribution.
Future quarterly payments each require a separate board decision. The quarterly designation is a description of intended cadence, not a binding commitment to continue. Income-focused shareholders treat a declared quarterly schedule as a signal of management intent, nothing more formal than that.
The source filing specifies the dollar amount and the three calendar dates. No earnings data and no payout ratio were included.