Himalaya Shipping Ltd. (HSHP) To Go Ex-Dividend on February 19th

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

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 $12.03 on Tuesday. The business has a 50 day moving average price of $9.61 and a 200 day moving average price of $8.63. The company has a debt-to-equity ratio of 4.12, a quick ratio of 1.01 and a current ratio of 1.08. Himalaya Shipping has a twelve month low of $4.29 and a twelve month high of $12.06.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wall Street Zen lowered shares of Himalaya Shipping from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Himalaya Shipping in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Himalaya Shipping presently has an average rating of “Hold”.

Himalaya Shipping Company Profile

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.