Diana Shipping inc. (DSX) To Go Ex-Dividend on June 10th

Diana Shipping inc. (NYSE:DSX) announced a quarterly dividend on Thursday, May 28th. Shareholders of record on Wednesday, June 10th will be paid a dividend of 0.01 per share by the shipping company on Thursday, June 18th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, June 10th.

Diana Shipping has a payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings.

Diana Shipping Stock Down 3.8%

DSX opened at $2.38 on Friday. The business’s 50-day simple moving average is $2.56 and its 200-day simple moving average is $2.24. The company has a debt-to-equity ratio of 1.15, a quick ratio of 2.69 and a current ratio of 2.73. Diana Shipping has a one year low of $1.42 and a one year high of $2.91. The stock has a market capitalization of $293.41 million, a P/E ratio of 6.79 and a beta of 0.53.

Diana Shipping (NYSE:DSX) last posted its earnings results on Thursday, May 28th. The shipping company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Diana Shipping had a return on equity of 4.64% and a net margin of 20.61%.The business had revenue of $54.74 million for the quarter, compared to analysts’ expectations of $52.70 million.

Hedge Funds Weigh In On Diana Shipping

Several institutional investors have recently added to or reduced their stakes in the stock. Cetera Investment Advisers purchased a new stake in Diana Shipping in the 1st quarter valued at approximately $26,000. EverSource Wealth Advisors LLC boosted its holdings in Diana Shipping by 71.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 10,942 shares of the shipping company’s stock valued at $27,000 after purchasing an additional 4,550 shares in the last quarter. Blue Trust Inc. boosted its holdings in Diana Shipping by 159.0% in the 1st quarter. Blue Trust Inc. now owns 12,839 shares of the shipping company’s stock valued at $32,000 after purchasing an additional 7,881 shares in the last quarter. Mercuria Capital Strategies LLC purchased a new stake in Diana Shipping in the 4th quarter valued at approximately $88,000. Finally, Lazard Asset Management LLC purchased a new stake in Diana Shipping in the 1st quarter valued at approximately $98,000. Institutional investors and hedge funds own 48.68% of the company’s stock.

About Diana Shipping

Diana Shipping Inc is a global shipping company incorporated in the Republic of the Marshall Islands and headquartered in Athens, Greece. The company specializes in the ownership and operation of dry bulk vessels that transport a variety of commodities, including coal, iron ore, grains, fertilizers, steel products and other bulk materials. Diana Shipping’s fleet comprises Panamax, Capesize, Newcastlemax and Supramax/Newcastlemax segments, enabling it to address the needs of customers on key global trade routes.

The company conducts its operations by chartering vessels on short‐term voyage charters and longer‐term period charters.