Himalaya Shipping Ltd. (HSHP) To Go Ex-Dividend on January 19th

Himalaya Shipping Ltd. (NYSE:HSHP) declared a dividend on Friday, January 1st. Stockholders of record on Tuesday, January 20th will be paid a dividend of 0.13 per share on Tuesday, January 27th. The ex-dividend date is Monday, January 19th. This is a 30.0% increase from Himalaya Shipping’s previous dividend of $0.10.

Himalaya Shipping has a payout ratio of 3.7% meaning its dividend is sufficiently covered by earnings.

Himalaya Shipping Stock Performance

Shares of Himalaya Shipping stock opened at $9.01 on Friday. The firm has a fifty day moving average of $8.89 and a two-hundred day moving average of $8.05. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 4.19. Himalaya Shipping has a 52 week low of $4.29 and a 52 week high of $10.14.

Himalaya Shipping (NYSE:HSHP) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $37.90 million during the quarter, compared to analysts’ expectations of $41.45 million. Himalaya Shipping had a return on equity of 3.30% and a net margin of 4.39%.

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.