DryShips Inc. to Issue Quarterly Dividend of $0.09 (DRYS)
DryShips Inc. (NASDAQ:DRYS) declared a quarterly dividend on Monday, July 10th, NASDAQ reports. Stockholders of record on Thursday, July 20th will be given a dividend of 0.094 per share by the shipping company on Friday, August 4th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 41.09%. The ex-dividend date of this dividend is Tuesday, July 18th.
Shares of DryShips (NASDAQ DRYS) opened at 0.9901 on Tuesday. The company’s market capitalization is $1.97 million. The company has a 50-day moving average price of $2.64 and a 200-day moving average price of $176.80. DryShips has a 12 month low of $0.96 and a 12 month high of $114,240.70.
A number of equities analysts have weighed in on the company. Vetr raised DryShips from a “strong sell” rating to a “sell” rating and set a $2.32 price objective on the stock in a research note on Monday, June 26th. ValuEngine raised DryShips from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th.
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DryShips Company Profile
DryShips, Inc is a holding company. The Company owns drybulk carriers and offshore support vessels. The Company operates through two segments: the drybulk carrier and the offshore support. Under its drybulk segment, the Company operates as a provider of drybulk commodities transportation services for the steel, electric utility, construction and agri-food industries.
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