Himalaya Shipping Ltd. (NYSE:HSHP) Plans Dividend Increase – $0.28 Per Share

Himalaya Shipping Ltd. (NYSE:HSHP) announced a dividend on Sunday, October 4th. Investors of record on Monday, October 19th will be paid a dividend of $0.28 per share on Tuesday, October 27th. The ex-dividend date of this dividend is Friday, October 16th. This is a 12.0% increase from Himalaya Shipping’s previous dividend of $0.25.

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

Himalaya Shipping Stock Performance

Shares of NYSE HSHP opened at $17.89 on Wednesday. The company has a market capitalization of $834.57 million, a PE ratio of 15.83 and a beta of 1.36. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.19 and a current ratio of 1.19. The company’s fifty day moving average price is $17.26 and its 200 day moving average price is $15.50. Himalaya Shipping has a 1 year low of $7.37 and a 1 year high of $19.55.

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

Institutional Trading of Himalaya Shipping

Institutional investors and hedge funds have recently made changes to their positions in the business. Sei Investments Co. lifted its position in shares of Himalaya Shipping by 425.7% during the 1st quarter. Sei Investments Co. now owns 122,313 shares of the company’s stock valued at $1,627,000 after buying an additional 99,046 shares in the last quarter. Globeflex Capital L P increased its holdings in Himalaya Shipping by 2,033.2% in the 1st quarter. Globeflex Capital L P now owns 318,651 shares of the company’s stock worth $4,238,000 after acquiring an additional 303,713 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Himalaya Shipping by 292.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,007,952 shares of the company’s stock worth $13,344,000 after acquiring an additional 750,944 shares in the last quarter. Bank of America Corp DE raised its position in Himalaya Shipping by 230.4% during the first quarter. Bank of America Corp DE now owns 399,028 shares of the company’s stock worth $5,307,000 after acquiring an additional 278,273 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in Himalaya Shipping during the second quarter worth $384,000. 22.33% of the stock is currently owned by hedge funds and other institutional investors.

Himalaya Shipping Company Profile

Himalaya Shipping Ltd. is a Bermuda-based dry bulk shipping company focused on owning and operating large-capacity Newcastlemax vessels. The company transports major dry bulk commodities, including iron ore and coal, for customers in the global commodities and steel industries.

Himalaya Shipping was established in 2021 and has developed a fleet of Newcastlemax vessels designed to serve long-haul dry bulk routes. Its ships are equipped with dual-fuel engines capable of using liquefied natural gas, supporting improved fuel efficiency and lower emissions compared with conventional vessel designs.

The company’s vessels operate internationally, serving key trade routes connecting major mining, energy and steel-producing regions.