Diana Shipping inc. (NYSE:DSX – Get Free Report) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Friday, August 21st will be given a dividend of 0.01 per share by the shipping company on Friday, September 11th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 21st.
Diana Shipping has a payout ratio of 14.8% indicating that its dividend is sufficiently covered by earnings.
Diana Shipping Stock Performance
Shares of DSX opened at $2.65 on Wednesday. Diana Shipping has a one year low of $1.54 and a one year high of $2.91. The company has a 50-day moving average of $2.25 and a two-hundred day moving average of $2.41. The stock has a market cap of $329.06 million, a price-to-earnings ratio of 5.51 and a beta of 0.51. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.05 and a quick ratio of 2.01.
Diana Shipping Company Profile
Diana Shipping Inc is a global shipping company incorporated in the Republic of the Marshall Islands and headquartered in Athens, Greece. The company specializes in the ownership and operation of dry bulk vessels that transport a variety of commodities, including coal, iron ore, grains, fertilizers, steel products and other bulk materials. Diana Shipping’s fleet comprises Panamax, Capesize, Newcastlemax and Supramax/Newcastlemax segments, enabling it to address the needs of customers on key global trade routes.
The company conducts its operations by chartering vessels on short‐term voyage charters and longer‐term period charters.
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