Himalaya Shipping Ltd. (NYSE:HSHP) Announces Dividend of $0.15

Himalaya Shipping Ltd. (NYSE:HSHP) announced a dividend on Friday, January 1st. Shareholders of record on Tuesday, May 19th will be paid a dividend of 0.15 per share on Tuesday, May 26th. The ex-dividend date is Monday, May 18th. This is a 150.0% increase from Himalaya Shipping’s previous dividend of $0.06.

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

Himalaya Shipping Stock Down 3.1%

Shares of Himalaya Shipping stock opened at $15.69 on Friday. The business’s fifty day moving average price is $13.86 and its two-hundred day moving average price is $11.21. The company has a debt-to-equity ratio of 4.12, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $731.71 million, a P/E ratio of 41.28 and a beta of 1.38. Himalaya Shipping has a 1-year low of $5.46 and a 1-year high of $16.69.

Himalaya Shipping (NYSE:HSHP) last announced its earnings results on Tuesday, February 10th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). The business had revenue of $42.10 million for the quarter, compared to the consensus estimate of $41.80 million. Himalaya Shipping had a net margin of 13.44% and a return on equity of 11.02%.

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.