Himalaya Shipping Ltd. (HSHP) to Distribute Dividend of $0.28 on October 27th

Himalaya Shipping Ltd. (NYSE:HSHP) declared a dividend on Sunday, October 4th. Stockholders of record on Monday, October 19th will be paid a dividend of $0.28 per share on Tuesday, October 27th. The ex-dividend date of this dividend is Friday, October 16th. This is a 12.0% increase from Himalaya Shipping’s previous dividend of $0.25.

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

Himalaya Shipping Trading Down 0.4%

Shares of Himalaya Shipping stock opened at $17.89 on Wednesday. The stock has a 50 day moving average of $17.26 and a 200 day moving average of $15.50. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market capitalization of $834.57 million, a price-to-earnings ratio of 15.83 and a beta of 1.36. Himalaya Shipping has a fifty-two week low of $7.37 and a fifty-two week high of $19.55.

Himalaya Shipping (NYSE:HSHP) last posted its quarterly earnings data on Wednesday, July 1st. The company reported $0.52 earnings per share for the quarter. The firm had revenue of $55.30 million during the quarter. Himalaya Shipping had a net margin of 31.44% and a return on equity of 32.83%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on HSHP shares. Clarkson Capital raised Himalaya Shipping from a “neutral” rating to a “buy” rating in a research report on Thursday, August 20th. Weiss Ratings upgraded Himalaya Shipping from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, September 21st. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Himalaya Shipping Company Profile

Himalaya Shipping Ltd. is a Bermuda-based dry bulk shipping company focused on owning and operating large-capacity Newcastlemax vessels. The company transports major dry bulk commodities, including iron ore and coal, for customers in the global commodities and steel industries.

Himalaya Shipping was established in 2021 and has developed a fleet of Newcastlemax vessels designed to serve long-haul dry bulk routes. Its ships are equipped with dual-fuel engines capable of using liquefied natural gas, supporting improved fuel efficiency and lower emissions compared with conventional vessel designs.

The company’s vessels operate internationally, serving key trade routes connecting major mining, energy and steel-producing regions.