Himalaya Shipping Ltd. (NYSE:HSHP) to Issue Dividend Increase – $0.13 Per Share

Himalaya Shipping Ltd. (NYSE:HSHP) declared a dividend on Friday, January 1st. Investors of record on Tuesday, January 20th will be given a dividend of 0.13 per share on Tuesday, January 27th. The ex-dividend date of this dividend is Monday, January 19th. This is a 30.0% increase from Himalaya Shipping’s previous dividend of $0.10.

Himalaya Shipping has a payout ratio of 3.7% indicating that its dividend is sufficiently covered by earnings.

Himalaya Shipping Stock Down 0.2%

Shares of NYSE HSHP opened at $9.01 on Friday. Himalaya Shipping has a one year low of $4.29 and a one year high of $10.14. The business has a fifty day simple moving average of $8.89 and a 200 day simple moving average of $8.05. The company has a debt-to-equity ratio of 4.19, a quick ratio of 1.01 and a current ratio of 1.01.

Himalaya Shipping (NYSE:HSHP) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. Himalaya Shipping had a return on equity of 3.30% and a net margin of 4.39%.The company had revenue of $37.90 million for the quarter, compared to the consensus estimate of $41.45 million.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HSHP. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Himalaya Shipping in a research note on Wednesday, October 8th. Wall Street Zen cut shares of Himalaya Shipping from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

Himalaya Shipping Company Profile

Himalaya Shipping Ltd. provides dry bulk shipping services worldwide. The company operates a fleet of vessels. It serves major commodity trading, commodity and energy transition, and multi-modal transport companies. Himalaya Shipping Ltd. was incorporated in 2021 and is based in Hamilton, Bermuda.