Diana Shipping inc. (NYSE:DSX) to Issue $0.01 Quarterly Dividend

Diana Shipping inc. (NYSE:DSX) announced a quarterly dividend on Thursday, July 30th. Stockholders of record on Friday, August 21st will be paid a dividend of 0.01 per share by the shipping company on Friday, September 11th. This represents a c) annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, August 21st.

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

Diana Shipping Price Performance

NYSE:DSX opened at $2.29 on Friday. The company has a current ratio of 2.73, a quick ratio of 2.69 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $285.50 million, a P/E ratio of 6.56 and a beta of 0.51. Diana Shipping has a 12 month low of $1.46 and a 12 month high of $2.91. The business’s 50-day moving average is $2.24 and its 200 day moving average is $2.37.

Diana Shipping (NYSE:DSX) last released its quarterly earnings results on Friday, July 31st. The shipping company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.14. Diana Shipping had a return on equity of 4.56% and a net margin of 20.61%.The business had revenue of $57.29 million during the quarter, compared to analysts’ expectations of $54.60 million.

Diana Shipping Company Profile

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.