Himalaya Shipping Ltd. (NYSE:HSHP) Plans Dividend of $0.06

Himalaya Shipping Ltd. (NYSE:HSHP) announced a dividend on Friday, January 1st. Shareholders of record on Friday, February 20th will be paid a dividend of 0.06 per share on Friday, February 27th. The ex-dividend date is Thursday, February 19th.

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

Himalaya Shipping Trading Up 4.9%

HSHP stock opened at $12.03 on Tuesday. Himalaya Shipping has a fifty-two week low of $4.29 and a fifty-two week high of $12.06. The business’s 50 day moving average price is $9.61 and its two-hundred day moving average price is $8.63. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 4.12.

Himalaya Shipping (NYSE:HSHP) last released its earnings results on Tuesday, February 10th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Himalaya Shipping had a net margin of 13.44% and a return on equity of 11.02%. The firm had revenue of $43.70 million during the quarter, compared to analysts’ expectations of $41.80 million.

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.