Himalaya Shipping Ltd. (NYSE:HSHP) Raises Dividend to $0.22 Per Share

Himalaya Shipping Ltd. (NYSE:HSHP) declared a dividend on Friday, January 1st. Shareholders of record on Monday, June 22nd will be paid a dividend of 0.22 per share on Friday, June 26th. The ex-dividend date of this dividend is Friday, June 19th. This is a 46.7% increase from Himalaya Shipping’s previous dividend of $0.15.

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

Himalaya Shipping Stock Down 2.2%

Shares of NYSE HSHP opened at $14.62 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 4.23. The company has a market cap of $681.84 million, a price-to-earnings ratio of 23.20 and a beta of 1.38. Himalaya Shipping has a 12 month low of $5.76 and a 12 month high of $16.69. The stock has a 50-day moving average price of $14.56 and a two-hundred day moving average price of $12.26.

Himalaya Shipping (NYSE:HSHP) last issued its earnings results on Friday, May 15th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). The business had revenue of $34.90 million for the quarter, compared to analyst estimates of $33.30 million. Himalaya Shipping had a return on equity of 18.28% and a net margin of 20.28%.

Himalaya Shipping Company Profile

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.