Diana Shipping inc. (NYSE:DSX) Announces Quarterly Dividend of $0.01

Diana Shipping inc. (NYSE:DSX) announced a quarterly dividend on Thursday, February 26th. Shareholders of record on Wednesday, March 11th will be paid a dividend of 0.01 per share by the shipping company on Wednesday, March 18th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, March 11th.

Diana Shipping has a payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings.

Diana Shipping Price Performance

Shares of DSX stock traded down $0.03 during midday trading on Thursday, reaching $2.56. 1,149,659 shares of the company were exchanged, compared to its average volume of 714,367. The company’s 50 day moving average price is $2.10 and its two-hundred day moving average price is $1.87. The company has a market cap of $296.40 million, a P/E ratio of 23.27 and a beta of 0.71. The company has a debt-to-equity ratio of 1.30, a quick ratio of 2.24 and a current ratio of 2.29. Diana Shipping has a 12 month low of $1.27 and a 12 month high of $2.65.

Diana Shipping (NYSE:DSX) last posted its earnings results on Thursday, February 26th. The shipping company reported $0.02 EPS for the quarter. The company had revenue of $52.10 million during the quarter, compared to the consensus estimate of $52.00 million. Diana Shipping had a net margin of 11.18% and a return on equity of 4.93%.

About Diana Shipping

Diana Shipping Inc is a global shipping company incorporated in the Republic of the Marshall Islands and headquartered in Athens, Greece. The company specializes in the ownership and operation of dry bulk vessels that transport a variety of commodities, including coal, iron ore, grains, fertilizers, steel products and other bulk materials. Diana Shipping’s fleet comprises Panamax, Capesize, Newcastlemax and Supramax/Newcastlemax segments, enabling it to address the needs of customers on key global trade routes.

The company conducts its operations by chartering vessels on short‐term voyage charters and longer‐term period charters.