Himalaya Shipping Ltd. (NYSE:HSHP) Increases Dividend to $0.25 Per Share

Himalaya Shipping Ltd. (NYSE:HSHPGet Free Report) declared a dividend on Saturday, September 5th. Shareholders of record on Friday, September 18th will be paid a dividend of 0.25 per share on Friday, September 25th. The ex-dividend date is Thursday, September 17th. This is a 13.6% increase from Himalaya Shipping’s previous dividend of $0.22.

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

Himalaya Shipping Stock Up 0.0%

Shares of NYSE:HSHP opened at $18.09 on Tuesday. The company has a market cap of $844.04 million, a price-to-earnings ratio of 16.01 and a beta of 1.37. Himalaya Shipping has a one year low of $7.37 and a one year high of $18.86. The firm has a fifty day moving average price of $16.11 and a two-hundred day moving average price of $14.82. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.19 and a quick ratio of 1.19.

Himalaya Shipping (NYSE:HSHPGet Free Report) last posted its earnings results on Wednesday, July 1st. The company reported $0.52 EPS for the quarter. Himalaya Shipping had a return on equity of 32.83% and a net margin of 31.44%.The business had revenue of $55.30 million during the quarter.

About Himalaya Shipping

(Get Free Report)

Himalaya Shipping Ltd. is a Bermuda-based dry bulk shipping company listed on the New York Stock Exchange under the symbol HSHP. The company owns and operates large Newcastlemax vessels designed to transport major dry bulk commodities, including iron ore, coal and grain, for customers involved in international trade.

Himalaya Shipping’s fleet is centered on modern, energy-efficient vessels capable of using liquefied natural gas as fuel. The company provides ocean transportation services through time-charter and other commercial arrangements, serving global shipping routes that connect major commodity-producing regions with markets and industrial centers.

Himalaya Shipping was established in 2021 and has developed its fleet through newbuilding programs at Chinese shipyards.

See Also

Dividend History for Himalaya Shipping (NYSE:HSHP)

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