Himalaya Shipping Ltd. (NYSE:HSHP) to Issue Dividend Increase – $0.15 Per Share

Himalaya Shipping Ltd. (NYSE:HSHPGet Free Report) declared a dividend on Friday, January 1st. Shareholders of record on Tuesday, May 19th will be given a dividend of 0.15 per share on Tuesday, May 26th. The ex-dividend date of this dividend is Monday, May 18th. This is a 150.0% increase from Himalaya Shipping’s previous dividend of $0.06.

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 $15.69 on Friday. The firm has a market cap of $731.71 million, a price-to-earnings ratio of 41.28 and a beta of 1.38. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 4.12. The company’s 50-day moving average is $13.86 and its two-hundred day moving average is $11.21. Himalaya Shipping has a 12-month low of $5.46 and a 12-month high of $16.69.

Himalaya Shipping (NYSE:HSHPGet Free Report) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Himalaya Shipping had a return on equity of 11.02% and a net margin of 13.44%.The business had revenue of $42.10 million for the quarter, compared to analysts’ expectations of $41.80 million.

Himalaya Shipping Company Profile

(Get Free Report)

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.

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Dividend History for Himalaya Shipping (NYSE:HSHP)

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