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

Diana Shipping Inc. (NYSE:DSX) announced a quarterly dividend on Wednesday, February 26th, Wall Street Journal reports. Stockholders of record on Wednesday, March 12th will be given a dividend of 0.01 per share by the shipping company on Friday, March 21st. This represents a $0.04 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Wednesday, March 12th.

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

Diana Shipping Price Performance

DSX traded up $0.04 on Wednesday, hitting $1.88. 180,256 shares of the stock were exchanged, compared to its average volume of 326,462. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.10 and a quick ratio of 2.04. Diana Shipping has a 12 month low of $1.73 and a 12 month high of $3.22. The firm has a market capitalization of $234.67 million, a price-to-earnings ratio of 62.52 and a beta of 1.05. The business has a 50-day moving average of $1.86 and a two-hundred day moving average of $2.13.

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

Analysts Set New Price Targets

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

Diana Shipping Company Profile

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.