Diana Shipping Inc. (NYSE:DSX) Plans $0.08 Quarterly Dividend

Diana Shipping Inc. (NYSE:DSXGet Free Report) declared a quarterly dividend on Tuesday, May 28th, Zacks reports. Investors of record on Wednesday, June 12th will be given a dividend of 0.075 per share by the shipping company on Tuesday, June 18th. This represents a $0.30 dividend on an annualized basis and a yield of 10.00%. The ex-dividend date of this dividend is Wednesday, June 12th.

Diana Shipping has a dividend payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Diana Shipping to earn $0.58 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 51.7%.

Diana Shipping Stock Performance

DSX stock traded down $0.04 during midday trading on Wednesday, hitting $3.00. 472,789 shares of the company traded hands, compared to its average volume of 691,690. Diana Shipping has a twelve month low of $2.81 and a twelve month high of $4.16. The company has a quick ratio of 2.08, a current ratio of 2.14 and a debt-to-equity ratio of 1.19. The business has a 50 day simple moving average of $2.98 and a 200-day simple moving average of $2.94. The stock has a market capitalization of $339.21 million, a price-to-earnings ratio of 6.93 and a beta of 1.17.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Jefferies Financial Group reiterated a “hold” rating and set a $3.00 price target on shares of Diana Shipping in a report on Tuesday. StockNews.com initiated coverage on shares of Diana Shipping in a research note on Tuesday, February 6th. They issued a “hold” rating on the stock.

View Our Latest Research Report on DSX

About Diana Shipping

(Get Free Report)

Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes worldwide. As of March 1, 2024, it operated a fleet of 38 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 9 Ultramax, and 6 Panamax.

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Dividend History for Diana Shipping (NYSE:DSX)

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