Diana Shipping inc. (DSX) to Issue Quarterly Dividend of $0.01 on June 18th

Diana Shipping inc. (NYSE:DSX – Get Free Report) announced a quarterly dividend on Thursday, May 28th. Stockholders of record on Wednesday, June 10th will be given a dividend of 0.01 per share by the shipping company on Thursday, June 18th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, June 10th.

Diana Shipping has a dividend payout ratio of 14.8% indicating that its dividend is sufficiently covered by earnings.

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Diana Shipping Trading Up 0.2%

NYSE:DSX opened at $2.35 on Monday. Diana Shipping has a one year low of $1.46 and a one year high of $2.91. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.69 and a current ratio of 2.73. The firm has a market cap of $291.72 million, a P/E ratio of 6.70 and a beta of 0.51. The firm has a 50-day simple moving average of $2.55 and a 200-day simple moving average of $2.26.

Diana Shipping (NYSE:DSX – Get Free Report) last posted its quarterly earnings results on Saturday, February 14th. The shipping company reported $0.02 EPS for the quarter. The business had revenue of $52.05 million during the quarter. Diana Shipping had a net margin of 20.61% and a return on equity of 4.56%.

About Diana Shipping

(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.

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