Himalaya Shipping Ltd. (NYSE:HSHP) Shares Will Pay Monthly Dividend of $0.20

Himalaya Shipping Ltd. (NYSE:HSHP) announced a monthly dividend on Tuesday, November 10th. Investors of record on Monday, November 23rd will be paid a dividend of $0.20 per share on Friday, November 27th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 14.6%. The ex-dividend date is Monday, November 23rd.

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

Himalaya Shipping Price Performance

Shares of HSHP traded up $0.51 during trading hours on Wednesday, reaching $16.44. 396,598 shares of the company’s stock traded hands, compared to its average volume of 368,789. Himalaya Shipping has a 12 month low of $7.95 and a 12 month high of $19.55. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 4.00. The stock has a market cap of $767.11 million, a PE ratio of 14.55 and a beta of 1.39. The firm’s 50 day simple moving average is $17.28 and its 200-day simple moving average is $14.92.

Himalaya Shipping (NYSE:HSHP) last issued its quarterly earnings results on Tuesday, November 10th. The company reported $0.71 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.71. Himalaya Shipping had a return on equity of 32.83% and a net margin of 31.44%. The firm had revenue of $62.60 million during the quarter, compared to analyst estimates of $61.51 million.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on HSHP shares. Clarkson Capital raised Himalaya Shipping from a “neutral” rating to a “buy” rating in a research note on Thursday, August 20th. Weiss Ratings downgraded shares of Himalaya Shipping from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Himalaya Shipping currently has a consensus rating of “Buy”.

Himalaya Shipping Company Profile

Himalaya Shipping Ltd. is a dry bulk shipping company incorporated in Bermuda. It owns and operates Newcastlemax vessels, large bulk carriers designed to transport commodities such as iron ore, coal and grain. The company’s fleet is equipped with dual-fuel engines that can run on liquefied natural gas as well as conventional marine fuel. Its vessels serve international bulk shipping routes, carrying cargo between major commodity-producing and consuming regions. Himalaya Shipping began building its fleet in the early 2020s and became a publicly traded company in 2023.