Diana Shipping inc. (NYSE:DSX – Get Free Report) announced a quarterly dividend on Thursday, July 30th. Investors of record on Friday, August 21st will be given a dividend of 0.01 per share by the shipping company on Friday, September 11th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, August 21st.
Diana Shipping has a dividend payout ratio of 14.8% indicating that its dividend is sufficiently covered by earnings.
Diana Shipping Price Performance
Diana Shipping stock traded up $0.15 during midday trading on Thursday, reaching $2.29. 1,404,967 shares of the company were exchanged, compared to its average volume of 739,375. The company has a market capitalization of $285.50 million, a price-to-earnings ratio of 6.56 and a beta of 0.51. The firm’s 50-day simple moving average is $2.25 and its 200-day simple moving average is $2.37. Diana Shipping has a 1 year low of $1.46 and a 1 year high of $2.91. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.69 and a current ratio of 2.73.
About Diana Shipping
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.
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