Himalaya Shipping Ltd. Plans Monthly Dividend of $0.01 (NYSE:HSHP)

Himalaya Shipping Ltd. (NYSE:HSHP) declared a monthly dividend on Monday, March 10th, Wall Street Journal reports. Investors of record on Wednesday, March 19th will be paid a dividend of 0.005 per share on Tuesday, April 22nd. This represents a $0.06 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, March 18th.

Himalaya Shipping Price Performance

Shares of Himalaya Shipping stock opened at $5.75 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 4.34. Himalaya Shipping has a twelve month low of $4.48 and a twelve month high of $9.76. The business has a 50-day moving average price of $5.10 and a 200 day moving average price of $6.21. The firm has a market cap of $229.05 million, a PE ratio of 11.97 and a beta of 2.32.

Himalaya Shipping (NYSE:HSHP) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.02 earnings per share for the quarter. Himalaya Shipping had a return on equity of 13.36% and a net margin of 17.03%. The firm had revenue of $29.60 million during the quarter.

About Himalaya Shipping

Himalaya Shipping Ltd. provides dry bulk shipping services worldwide. The company operates a fleet of vessels. It serves major commodity trading, commodity and energy transition, and multi-modal transport companies. Himalaya Shipping Ltd. was incorporated in 2021 and is based in Hamilton, Bermuda.