Himalaya Shipping Ltd. (NYSE:HSHP) to Issue $0.01 Monthly Dividend

Himalaya Shipping Ltd. (NYSE:HSHP) announced a monthly dividend on Sunday, December 8th,investing.com reports. Investors of record on Monday, December 16th will be given a dividend of 0.01 per share on Friday, January 3rd. This represents a $0.12 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Monday, December 16th.

Himalaya Shipping Stock Down 0.2 %

Shares of NYSE HSHP opened at $5.09 on Friday. Himalaya Shipping has a 12-month low of $4.98 and a 12-month high of $9.76. The firm’s 50-day simple moving average is $6.76 and its 200 day simple moving average is $7.72. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 4.34. The company has a market cap of $202.95 million, a price-to-earnings ratio of 3.66 and a beta of 2.36.

Analysts Set New Price Targets

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.