Himalaya Shipping Ltd. (NYSE:HSHP) to Issue Dividend of $0.25

Himalaya Shipping Ltd. (NYSE:HSHP) declared a dividend on Saturday, September 5th. Stockholders of record on Friday, September 18th will be paid a dividend of 0.25 per share on Friday, September 25th. The ex-dividend date is Thursday, September 17th. This is a 13.6% increase from Himalaya Shipping’s previous dividend of $0.22.

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

Himalaya Shipping Stock Performance

NYSE HSHP opened at $18.09 on Tuesday. The stock has a market cap of $844.04 million, a PE ratio of 16.01 and a beta of 1.37. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 4.00. Himalaya Shipping has a twelve month low of $7.37 and a twelve month high of $18.86. The stock has a fifty day simple moving average of $16.11 and a 200-day simple moving average of $14.82.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HSHP. California State Teachers Retirement System grew its holdings in Himalaya Shipping by 246.1% during the 2nd quarter. California State Teachers Retirement System now owns 5,237 shares of the company’s stock worth $70,000 after acquiring an additional 3,724 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of Himalaya Shipping in the 2nd quarter valued at $141,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Himalaya Shipping during the 1st quarter worth $171,000. Globeflex Capital L P purchased a new stake in shares of Himalaya Shipping during the 4th quarter worth $136,000. Finally, Engineers Gate Manager LP lifted its position in shares of Himalaya Shipping by 28.0% during the 2nd quarter. Engineers Gate Manager LP now owns 15,352 shares of the company’s stock worth $205,000 after purchasing an additional 3,362 shares during the last quarter. Hedge funds and other institutional investors own 22.33% of the company’s stock.

Himalaya Shipping Company Profile

Himalaya Shipping Ltd. is a Bermuda-based dry bulk shipping company listed on the New York Stock Exchange under the symbol HSHP. The company owns and operates large Newcastlemax vessels designed to transport major dry bulk commodities, including iron ore, coal and grain, for customers involved in international trade.

Himalaya Shipping’s fleet is centered on modern, energy-efficient vessels capable of using liquefied natural gas as fuel. The company provides ocean transportation services through time-charter and other commercial arrangements, serving global shipping routes that connect major commodity-producing regions with markets and industrial centers.

Himalaya Shipping was established in 2021 and has developed its fleet through newbuilding programs at Chinese shipyards.