Himalaya Shipping Ltd. (HSHP) to Issue Dividend of $0.06 on March 25th

Himalaya Shipping Ltd. (NYSE:HSHP) announced a dividend on Friday, January 1st. Investors of record on Tuesday, March 17th will be given a dividend of 0.06 per share on Wednesday, March 25th. The ex-dividend date of this dividend is Monday, March 16th.

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

Himalaya Shipping Price Performance

HSHP stock traded down $0.34 during trading on Friday, hitting $12.50. 416,995 shares of the company traded hands, compared to its average volume of 398,134. Himalaya Shipping has a 1 year low of $4.29 and a 1 year high of $14.95. The stock’s 50-day simple moving average is $11.44 and its 200 day simple moving average is $9.46. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 4.12.

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

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.