Diana Shipping inc. (DSX) to Issue Quarterly Dividend of $0.01 on December 17th

Diana Shipping inc. (NYSE:DSX) declared a quarterly dividend on Thursday, November 20th. Stockholders of record on Monday, December 8th will be paid a dividend of 0.01 per share by the shipping company on Wednesday, December 17th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, December 8th.

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

Diana Shipping Stock Performance

Diana Shipping stock opened at $1.69 on Friday. Diana Shipping has a 1-year low of $1.27 and a 1-year high of $2.15. The firm has a market cap of $195.08 million, a P/E ratio of 28.09 and a beta of 0.81. The company has a current ratio of 2.29, a quick ratio of 2.24 and a debt-to-equity ratio of 1.13. The firm has a 50-day moving average of $1.74 and a 200-day moving average of $1.63.

Diana Shipping (NYSE:DSX) last released its quarterly earnings results on Thursday, November 20th. The shipping company reported $0.05 EPS for the quarter. Diana Shipping had a return on equity of 4.09% and a net margin of 9.36%.The business had revenue of $51.86 million during the quarter, compared to analyst estimates of $57.00 million.

Diana Shipping Company Profile

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.