Himalaya Shipping Ltd. (HSHP) To Go Ex-Dividend on July 17th

Himalaya Shipping Ltd. (NYSE:HSHP) declared a dividend on Friday, January 1st. Investors of record on Monday, July 20th will be given a dividend of 0.22 per share on Tuesday, July 28th. The ex-dividend date is Friday, July 17th.

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

Himalaya Shipping Stock Performance

HSHP stock opened at $15.71 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 4.23. The business’s fifty day simple moving average is $14.74 and its two-hundred day simple moving average is $12.99. Himalaya Shipping has a twelve month low of $6.47 and a twelve month high of $16.69. The firm has a market cap of $732.64 million, a price-to-earnings ratio of 24.93 and a beta of 1.43.

Himalaya Shipping (NYSE:HSHP) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The company had revenue of $34.90 million during the quarter, compared to the consensus estimate of $33.30 million. Himalaya Shipping had a return on equity of 18.28% and a net margin of 20.28%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HSHP shares. Wall Street Zen lowered Himalaya Shipping from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Himalaya Shipping in a research report on Tuesday, June 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

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.