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

Himalaya Shipping Ltd. (NYSE:HSHP) declared a dividend on Friday, January 1st. Investors of record on Monday, April 20th will be given a dividend of 0.06 per share on Monday, April 27th. The ex-dividend date of this dividend is Friday, April 17th.

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

Himalaya Shipping Stock Up 0.3%

HSHP opened at $13.78 on Wednesday. The company has a debt-to-equity ratio of 4.12, a quick ratio of 1.08 and a current ratio of 1.08. Himalaya Shipping has a fifty-two week low of $4.47 and a fifty-two week high of $14.95. The firm’s fifty day moving average is $13.09 and its 200 day moving average is $10.26. The stock has a market cap of $642.84 million, a price-to-earnings ratio of 36.26 and a beta of 1.65.

Himalaya Shipping (NYSE:HSHP) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.01). The company had revenue of $42.10 million during the quarter, compared to analysts’ expectations of $41.80 million. Himalaya Shipping had a return on equity of 11.02% and a net margin of 13.44%.

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.