Himalaya Shipping Ltd. (HSHP) to Issue Dividend of $0.22 on June 26th

Himalaya Shipping Ltd. (NYSE:HSHP) announced a dividend on Friday, January 1st. Investors of record on Monday, June 22nd will be paid a dividend of 0.22 per share on Friday, June 26th. The ex-dividend date is Friday, June 19th. This is a 46.7% increase from Himalaya Shipping’s previous dividend of $0.15.

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

Himalaya Shipping Stock Performance

Himalaya Shipping stock opened at $14.62 on Wednesday. The firm’s 50 day simple moving average is $14.56 and its 200 day simple moving average is $12.26. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 4.23. The firm has a market capitalization of $681.84 million, a PE ratio of 23.20 and a beta of 1.38. Himalaya Shipping has a 1-year low of $5.76 and a 1-year high of $16.69.

Himalaya Shipping (NYSE:HSHP) last posted its earnings results on Friday, May 15th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The firm had revenue of $34.90 million for the quarter, compared to the consensus estimate of $33.30 million. Himalaya Shipping had a return on equity of 18.28% and a net margin of 20.28%.

About Himalaya Shipping

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.