Himalaya Shipping Ltd. (NYSE:HSHP) Plans $0.22 Dividend

Himalaya Shipping Ltd. (NYSE:HSHP) declared a dividend on Saturday, August 8th. Investors of record on Friday, August 21st will be given a dividend of 0.22 per share on Thursday, August 27th. The ex-dividend date is Thursday, August 20th.

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

Himalaya Shipping Stock Performance

Shares of NYSE HSHP opened at $16.30 on Tuesday. The company’s fifty day moving average price is $14.93 and its 200 day moving average price is $14.06. Himalaya Shipping has a 1 year low of $7.12 and a 1 year high of $16.69. The company has a market capitalization of $760.39 million, a PE ratio of 14.42 and a beta of 1.37. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.19 and a current ratio of 1.19.

Himalaya Shipping (NYSE:HSHP) last released its quarterly earnings data on Wednesday, July 1st. The company reported $0.52 earnings per share for the quarter. Himalaya Shipping had a net margin of 31.44% and a return on equity of 32.83%. The company had revenue of $55.30 million during the quarter.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HSHP. Weiss Ratings raised shares of Himalaya Shipping from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. Wall Street Zen cut Himalaya Shipping from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 24th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

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.