Himalaya Shipping Ltd. (HSHP) to Issue Dividend of $0.13 on January 27th

Himalaya Shipping Ltd. (NYSE:HSHP) announced a dividend on Friday, January 1st. Shareholders of record on Tuesday, January 20th will be given a dividend of 0.13 per share on Tuesday, January 27th. The ex-dividend date is Monday, January 19th. This is a 30.0% increase from Himalaya Shipping’s previous dividend of $0.10.

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

Himalaya Shipping Trading Down 0.2%

Himalaya Shipping stock opened at $9.01 on Friday. The stock has a 50-day moving average price of $8.89 and a 200 day moving average price of $8.05. Himalaya Shipping has a 52 week low of $4.29 and a 52 week high of $10.14. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 4.19.

Himalaya Shipping (NYSE:HSHP) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. The business had revenue of $37.90 million for the quarter, compared to analyst estimates of $41.45 million. Himalaya Shipping had a return on equity of 3.30% and a net margin of 4.39%.

Institutional Trading of Himalaya Shipping

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers grew its position in Himalaya Shipping by 5.6% during the 1st quarter. Rhumbline Advisers now owns 39,513 shares of the company’s stock worth $217,000 after purchasing an additional 2,110 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Himalaya Shipping by 9.8% during the third quarter. Bank of America Corp DE now owns 26,900 shares of the company’s stock worth $221,000 after buying an additional 2,394 shares during the last quarter. BNP Paribas Financial Markets increased its position in Himalaya Shipping by 80.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,656 shares of the company’s stock valued at $47,000 after acquiring an additional 2,519 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new stake in Himalaya Shipping during the 3rd quarter valued at approximately $33,000. Finally, Sei Investments Co. lifted its position in Himalaya Shipping by 22.8% during the 3rd quarter. Sei Investments Co. now owns 22,812 shares of the company’s stock worth $188,000 after acquiring an additional 4,235 shares during the period. 22.33% of the stock is currently owned by institutional investors and hedge funds.

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.