Himalaya Shipping Ltd. (HSHP) to Issue Dividend of $0.25 on September 25th

Himalaya Shipping Ltd. (NYSE:HSHP) announced a dividend on Saturday, September 5th. Stockholders of record on Friday, September 18th will be given a dividend of 0.25 per share on Friday, September 25th. The ex-dividend date is Thursday, September 17th. This is a 13.6% increase from Himalaya Shipping’s previous dividend of $0.22.

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

Himalaya Shipping Price Performance

HSHP stock opened at $18.09 on Tuesday. The stock has a market cap of $844.04 million, a PE ratio of 16.01 and a beta of 1.37. Himalaya Shipping has a 12 month low of $7.37 and a 12 month high of $18.86. The company has a 50-day moving average price of $16.11 and a 200 day moving average price of $14.82. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 4.00.

Himalaya Shipping (NYSE:HSHP) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $0.52 earnings per share (EPS) for the quarter. Himalaya Shipping had a net margin of 31.44% and a return on equity of 32.83%. The business had revenue of $55.30 million during the quarter.

About Himalaya Shipping

Himalaya Shipping Ltd. is a Bermuda-based dry bulk shipping company listed on the New York Stock Exchange under the symbol HSHP. The company owns and operates large Newcastlemax vessels designed to transport major dry bulk commodities, including iron ore, coal and grain, for customers involved in international trade.

Himalaya Shipping’s fleet is centered on modern, energy-efficient vessels capable of using liquefied natural gas as fuel. The company provides ocean transportation services through time-charter and other commercial arrangements, serving global shipping routes that connect major commodity-producing regions with markets and industrial centers.

Himalaya Shipping was established in 2021 and has developed its fleet through newbuilding programs at Chinese shipyards.