Himalaya Shipping Ltd. (NYSE:HSHP) Raises Dividend to $0.10 Per Share

Himalaya Shipping Ltd. (NYSE:HSHP) announced a monthly dividend on Thursday, October 10th, Wall Street Journal reports. Stockholders of record on Friday, October 18th will be given a dividend of 0.10 per share on Thursday, October 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 16.35%. The ex-dividend date is Friday, October 18th. This is a positive change from Himalaya Shipping’s previous monthly dividend of $0.07.

Himalaya Shipping Stock Down 0.3 %

Shares of HSHP stock opened at $7.34 on Thursday. Himalaya Shipping has a one year low of $4.30 and a one year high of $9.76. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 4.46. The stock has a fifty day moving average price of $7.84 and a 200 day moving average price of $8.21.

Himalaya Shipping (NYSE:HSHP) last released its quarterly earnings data on Friday, August 16th. The company reported $0.16 EPS for the quarter. The business had revenue of $31.20 million for the quarter.

Analyst Ratings Changes

Separately, DNB Markets cut shares of Himalaya Shipping from a “hold” rating to a “sell” rating in a research note on Monday, August 19th.

About Himalaya Shipping

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.