Himalaya Shipping Ltd. (HSHP) To Go Ex-Dividend on August 20th

Himalaya Shipping Ltd. (NYSE:HSHP) announced a dividend on Saturday, August 8th. Shareholders of record on Friday, August 21st will be paid a dividend of 0.22 per share on Thursday, August 27th. The ex-dividend date of this dividend is Thursday, August 20th.

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

Himalaya Shipping Stock Performance

Himalaya Shipping stock opened at $16.30 on Tuesday. The stock has a market cap of $760.39 million, a price-to-earnings ratio of 14.42 and a beta of 1.37. Himalaya Shipping has a 1-year low of $7.12 and a 1-year high of $16.69. The firm has a 50 day simple moving average of $14.93 and a 200-day simple moving average of $14.06. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.19 and a quick ratio of 1.19.

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

Wall Street Analyst Weigh In

A number of brokerages have commented on HSHP. Wall Street Zen cut Himalaya Shipping from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 24th. Weiss Ratings raised shares of Himalaya Shipping from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Himalaya Shipping currently has a consensus rating of “Hold”.

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.