Diana Shipping inc. (DSX) to Issue Quarterly Dividend of $0.01 on September 11th

Diana Shipping inc. (NYSE:DSXGet 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 (NYSE:DSXGet Free Report) last released its earnings results on Friday, July 31st. The shipping company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.14. Diana Shipping had a net margin of 27.88% and a return on equity of 7.55%. The business had revenue of $57.29 million for the quarter, compared to the consensus estimate of $54.60 million.

Diana Shipping Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Diana Shipping (NYSE:DSX)

Receive News & Ratings for Diana Shipping Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diana Shipping and related companies with MarketBeat.com's FREE daily email newsletter.