Himalaya Shipping Ltd. Declares Dividend of $0.06 (NYSE:HSHP)

Himalaya Shipping Ltd. (NYSE:HSHP) declared a dividend on Friday, January 1st. Investors of record on Friday, February 20th will be given 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 payout ratio of 3.7% meaning its dividend is sufficiently covered by earnings.

Himalaya Shipping Stock Performance

Shares of HSHP opened at $12.03 on Tuesday. The stock has a 50-day moving average of $9.61 and a two-hundred day moving average of $8.63. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 4.12. Himalaya Shipping has a one year low of $4.29 and a one year high of $12.06.

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

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.