Himalaya Shipping Ltd. (NYSE:HSHP) Announces Dividend of $0.22

Himalaya Shipping Ltd. (NYSE:HSHP) declared a dividend on Friday, January 1st. Shareholders of record on Monday, July 20th will be given a dividend of 0.22 per share on Tuesday, July 28th. The ex-dividend date of this dividend is Friday, July 17th.

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

Himalaya Shipping Price Performance

NYSE HSHP opened at $15.71 on Wednesday. The company has a 50-day moving average price of $14.74 and a two-hundred day moving average price of $12.99. Himalaya Shipping has a 52 week low of $6.47 and a 52 week high of $16.69. The stock has a market cap of $732.64 million, a price-to-earnings ratio of 24.93 and a beta of 1.43. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 4.23.

Himalaya Shipping (NYSE:HSHP) last released its quarterly earnings results on Friday, May 15th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The business had revenue of $34.90 million for the quarter, compared to the consensus estimate of $33.30 million. Himalaya Shipping had a net margin of 20.28% and a return on equity of 18.28%.

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.