Diana Shipping inc. (NYSE:DSX) Plans Quarterly Dividend of $0.01

Diana Shipping inc. (NYSE:DSXGet Free Report) declared a quarterly dividend on Thursday, May 28th. Stockholders of record on Wednesday, June 10th will be given a dividend of 0.01 per share by the shipping company on Thursday, June 18th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, June 10th.

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

Diana Shipping Stock Performance

Shares of Diana Shipping stock traded down $0.05 during midday trading on Thursday, hitting $2.47. The company had a trading volume of 3,797,537 shares, compared to its average volume of 890,818. The business’s 50 day simple moving average is $2.56 and its two-hundred day simple moving average is $2.24. The stock has a market cap of $305.27 million, a PE ratio of 22.47 and a beta of 0.53. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.73 and a quick ratio of 2.69. Diana Shipping has a 1-year low of $1.42 and a 1-year high of $2.91.

Diana Shipping (NYSE:DSXGet Free Report) last announced its quarterly earnings data on Saturday, February 14th. The shipping company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $52.05 million for the quarter. Diana Shipping had a net margin of 8.35% and a return on equity of 3.60%.

About Diana Shipping

(Get Free Report)

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.

See Also

Dividend History for Diana Shipping (NYSE:DSX)

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