Seaspan has announced a quarterly dividend of $0.12 per share.

The dividend is the eighth consecutive quarter the boxship owner has declared such a dividend, after dropping it from $0.37 per share in November 2017.

The company has paid a dividend each quarter since 2006.

After losing $174.1m in the second quarter of 2017, the company has been in the black each of the last five quarters.

In the third quarter of 2017, Seaspan posted $205.5m in profits.