Diana Shipping inc. (DSX) to Issue Quarterly Dividend of $0.01 on March 18th

Diana Shipping inc. (NYSE:DSX) declared a quarterly dividend on Wednesday, February 25th. Shareholders of record on Wednesday, March 11th will be given 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 yield of 1.5%. The ex-dividend date of this dividend is Wednesday, March 11th.

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

Diana Shipping Stock Performance

Shares of DSX stock traded up $0.03 on Friday, hitting $2.59. The company’s stock had a trading volume of 141,224 shares, compared to its average volume of 697,112. Diana Shipping has a fifty-two week low of $1.27 and a fifty-two week high of $2.65. The stock’s 50 day moving average is $2.10 and its 200-day moving average is $1.87. The company has a market capitalization of $299.29 million, a PE ratio of 23.59 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 (NYSE:DSX) last posted its quarterly earnings data on Thursday, February 26th. The shipping company reported $0.02 earnings per share for the quarter. Diana Shipping had a net margin of 11.18% and a return on equity of 4.93%. The business had revenue of $52.10 million during the quarter, compared to analysts’ expectations of $52.00 million.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Diana Shipping in a research report on Wednesday, January 21st. Wall Street Zen raised shares of Diana Shipping from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Diana Shipping presently has an average rating of “Sell”.

Diana Shipping Company Profile

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.