Diana Shipping inc. (NYSE:DSX) to Issue Quarterly Dividend of $0.01

Diana Shipping inc. (NYSE:DSX) announced a quarterly dividend on Thursday, November 20th. Shareholders of record on Monday, December 8th will be given a dividend of 0.01 per share by the shipping company on Wednesday, December 17th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, December 8th.

Diana Shipping has a dividend payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings.

Diana Shipping Price Performance

Shares of DSX stock traded down $0.08 during mid-day trading on Thursday, hitting $1.69. 404,647 shares of the stock traded hands, compared to its average volume of 299,186. Diana Shipping has a twelve month low of $1.27 and a twelve month high of $2.15. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.24 and a current ratio of 2.29. The company’s 50-day simple moving average is $1.75 and its 200-day simple moving average is $1.63. The firm has a market cap of $195.08 million, a price-to-earnings ratio of 28.09 and a beta of 0.81.

Diana Shipping (NYSE:DSX) last announced its quarterly earnings data on Thursday, November 20th. The shipping company reported $0.05 earnings per share for the quarter. The business had revenue of $51.86 million during the quarter, compared to analyst estimates of $57.00 million. Diana Shipping had a return on equity of 4.09% and a net margin of 9.36%.

Analyst Ratings Changes

DSX has been the subject of several research reports. Weiss Ratings restated a “sell (d)” rating on shares of Diana Shipping in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Diana Shipping from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.