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

Himalaya Shipping Ltd. (NYSE:HSHPGet Free Report) announced a monthly dividend on Thursday, October 10th, Wall Street Journal reports. Investors of record on Friday, October 18th will be paid a dividend of 0.10 per share on Thursday, October 31st. This represents a $1.20 annualized dividend and a yield of 14.72%. The ex-dividend date of this dividend is Friday, October 18th. This is a boost from Himalaya Shipping’s previous monthly dividend of $0.07.

Himalaya Shipping Price Performance

NYSE:HSHP traded up $0.06 during trading hours on Thursday, reaching $8.15. 35,634 shares of the stock were exchanged, compared to its average volume of 100,161. Himalaya Shipping has a 52 week low of $4.30 and a 52 week high of $9.76. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 4.46. The firm has a 50 day simple moving average of $7.81 and a 200-day simple moving average of $8.20.

Himalaya Shipping (NYSE:HSHPGet Free Report) last announced its quarterly earnings data on Friday, August 16th. The company reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $31.20 million for the quarter.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Analysis on HSHP

About Himalaya Shipping

(Get Free Report)

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.

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Dividend History for Himalaya Shipping (NYSE:HSHP)

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