Himalaya Shipping Ltd. (HSHP) To Go Ex-Dividend on September 17th

Himalaya Shipping Ltd. (NYSE:HSHP) announced a dividend on Saturday, September 5th. Shareholders of record on Friday, September 18th will be paid a dividend of 0.25 per share on Friday, September 25th. The ex-dividend date is Thursday, September 17th. This is a 13.6% increase from Himalaya Shipping’s previous dividend of $0.22.

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

Himalaya Shipping Price Performance

Shares of NYSE HSHP opened at $18.09 on Tuesday. Himalaya Shipping has a twelve month low of $7.37 and a twelve month high of $18.86. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 4.00. The firm has a 50-day moving average of $16.11 and a two-hundred day moving average of $14.82. The company has a market capitalization of $844.04 million, a price-to-earnings ratio of 16.01 and a beta of 1.37.

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

Wall Street Analyst Weigh In

HSHP has been the topic of several recent research reports. Clarkson Capital upgraded shares of 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 “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 19th. Finally, Wall Street Zen lowered Himalaya Shipping from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 24th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Himalaya Shipping Company Profile

Himalaya Shipping Ltd. is a Bermuda-based dry bulk shipping company listed on the New York Stock Exchange under the symbol HSHP. The company owns and operates large Newcastlemax vessels designed to transport major dry bulk commodities, including iron ore, coal and grain, for customers involved in international trade.

Himalaya Shipping’s fleet is centered on modern, energy-efficient vessels capable of using liquefied natural gas as fuel. The company provides ocean transportation services through time-charter and other commercial arrangements, serving global shipping routes that connect major commodity-producing regions with markets and industrial centers.

Himalaya Shipping was established in 2021 and has developed its fleet through newbuilding programs at Chinese shipyards.