Diana Shipping Inc. (NYSE:DSX) Declares Quarterly Dividend of $0.01

Diana Shipping Inc. (NYSE:DSX) announced a quarterly dividend on Tuesday, February 25th, Wall Street Journal reports. Shareholders of record on Wednesday, March 12th will be paid a dividend of 0.01 per share by the shipping company on Friday, March 21st. This represents a $0.04 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Wednesday, March 12th.

Diana Shipping has increased its dividend by an average of 33.0% annually over the last three years. Diana Shipping has a payout ratio of 13.3% indicating that its dividend is sufficiently covered by earnings.

Diana Shipping Stock Up 1.9 %

Shares of Diana Shipping stock opened at $1.88 on Thursday. The stock has a market capitalization of $234.67 million, a P/E ratio of 62.52 and a beta of 1.05. The company has a quick ratio of 2.04, a current ratio of 2.10 and a debt-to-equity ratio of 1.27. The stock has a 50 day moving average price of $1.86 and a two-hundred day moving average price of $2.13. Diana Shipping has a 12-month low of $1.73 and a 12-month high of $3.22.

Diana Shipping (NYSE:DSX) last announced its earnings results on Monday, November 25th. The shipping company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $57.50 million during the quarter, compared to analysts’ expectations of $55.50 million. Diana Shipping had a return on equity of 4.42% and a net margin of 5.36%. The company’s revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 earnings per share.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Diana Shipping from a “sell” rating to a “hold” rating in a research report on Tuesday, November 26th.

About Diana Shipping

Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes worldwide. As of March 1, 2024, it operated a fleet of 38 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 9 Ultramax, and 6 Panamax.