Himalaya Shipping Ltd. (NYSE:HSHP) Plans Monthly Dividend of $0.07

Himalaya Shipping Ltd. (NYSE:HSHP) declared a monthly dividend on Monday, September 9th, Wall Street Journal reports. Stockholders of record on Tuesday, September 17th will be given a dividend of 0.07 per share on Monday, September 30th. This represents a $0.84 annualized dividend and a dividend yield of 10.98%. The ex-dividend date of this dividend is Tuesday, September 17th. This is an increase from Himalaya Shipping’s previous monthly dividend of $0.06.

Himalaya Shipping Trading Up 2.8 %

NYSE:HSHP opened at $7.65 on Monday. Himalaya Shipping has a twelve month low of $4.30 and a twelve month high of $9.76. The company has a 50-day moving average of $7.77 and a 200-day moving average of $8.16. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.78 and a current ratio of 0.78.

Himalaya Shipping (NYSE:HSHP) last announced its earnings results on Friday, August 16th. The company reported $0.16 EPS for the quarter. The firm had revenue of $31.20 million during the quarter.

Analysts Set New Price Targets

Separately, DNB Markets cut shares of Himalaya Shipping from a “hold” rating to a “sell” rating in a report on Monday, August 19th.

Himalaya Shipping Company Profile

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.