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

Himalaya Shipping Ltd. (NYSE:HSHPGet Free Report) announced 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 of this dividend is Thursday, September 17th. This is a 13.6% increase from Himalaya Shipping’s previous dividend of $0.22.

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

Himalaya Shipping Stock Up 0.0%

Shares of HSHP opened at $18.09 on Tuesday. The stock has a 50 day moving average price of $16.11 and a 200 day moving average price of $14.82. Himalaya Shipping has a one year low of $7.37 and a one year high of $18.86. 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 stock has a market capitalization of $844.04 million, a price-to-earnings ratio of 16.01 and a beta of 1.37.

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

Himalaya Shipping Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Himalaya Shipping (NYSE:HSHP)

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