Himalaya Shipping Ltd. (NYSE:HSHP) Shareholders to Receive $0.20 Monthly Dividend

Himalaya Shipping Ltd. (NYSE:HSHP) announced a monthly dividend on Tuesday, November 10th. Stockholders of record on Monday, November 23rd will be given a dividend of $0.20 per share on Friday, November 27th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 14.6%. The ex-dividend date of this dividend is Monday, November 23rd.

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

Himalaya Shipping Stock Performance

Shares of HSHP stock traded up $0.51 during midday trading on Wednesday, hitting $16.44. 396,598 shares of the company were exchanged, compared to its average volume of 368,789. The firm has a market capitalization of $767.11 million, a P/E ratio of 14.55 and a beta of 1.39. 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’s 50 day moving average price is $17.28 and its two-hundred day moving average price is $14.92. Himalaya Shipping has a 52 week low of $7.95 and a 52 week high of $19.55.

Himalaya Shipping (NYSE:HSHP) last issued its quarterly earnings data on Tuesday, November 10th. The company reported $0.71 earnings per share for the quarter, hitting the consensus estimate of $0.71. The business had revenue of $62.60 million during the quarter, compared to analysts’ expectations of $61.51 million. Himalaya Shipping had a net margin of 31.44% and a return on equity of 32.83%.

Analyst Ratings Changes

Several brokerages recently weighed in on HSHP. Clarkson Capital raised shares of Himalaya Shipping from a “neutral” rating to a “buy” rating in a research note on Thursday, August 20th. Weiss Ratings downgraded Himalaya Shipping from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Himalaya Shipping has a consensus rating of “Buy”.

Himalaya Shipping Company Profile

Himalaya Shipping Ltd. is a dry bulk shipping company incorporated in Bermuda. It owns and operates Newcastlemax vessels, large bulk carriers designed to transport commodities such as iron ore, coal and grain. The company’s fleet is equipped with dual-fuel engines that can run on liquefied natural gas as well as conventional marine fuel. Its vessels serve international bulk shipping routes, carrying cargo between major commodity-producing and consuming regions. Himalaya Shipping began building its fleet in the early 2020s and became a publicly traded company in 2023.