Diana Shipping Inc. (DSX) to Issue Quarterly Dividend of $0.01 on March 21st

Diana Shipping Inc. (NYSE:DSX) declared a quarterly dividend on Tuesday, February 25th, Wall Street Journal reports. Stockholders of record on Wednesday, March 12th will be paid a dividend of 0.01 per share by the shipping company on Friday, March 21st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Wednesday, March 12th.

Diana Shipping has increased its dividend by an average of 33.0% annually over the last three years. Diana Shipping has a payout ratio of 13.3% meaning its dividend is sufficiently covered by earnings.

Diana Shipping Price Performance

Shares of DSX opened at $1.88 on Thursday. The company has a market capitalization of $234.67 million, a price-to-earnings ratio of 62.52 and a beta of 1.05. Diana Shipping has a fifty-two week low of $1.73 and a fifty-two week high of $3.22. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.10 and a quick ratio of 2.04. The business’s 50-day moving average is $1.86 and its 200-day moving average is $2.13.

Diana Shipping (NYSE:DSX) last issued its earnings results on Monday, November 25th. The shipping company reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $57.50 million for the quarter, compared to the consensus estimate of $55.50 million. Diana Shipping had a return on equity of 4.42% and a net margin of 5.36%. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Diana Shipping from a “sell” rating to a “hold” rating in a report on Tuesday, November 26th.

About Diana Shipping

Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes worldwide. As of March 1, 2024, it operated a fleet of 38 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 9 Ultramax, and 6 Panamax.