Himalaya Shipping Ltd. (HSHP) to Issue Monthly Dividend of $0.04 on November 29th

Himalaya Shipping Ltd. (NYSE:HSHP) announced a monthly dividend on Monday, November 11th,Wall Street Journal reports. Shareholders of record on Monday, November 18th will be paid a dividend of 0.04 per share on Friday, November 29th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.61%. The ex-dividend date is Monday, November 18th.

Himalaya Shipping Trading Up 0.4 %

Shares of HSHP stock opened at $7.26 on Wednesday. The stock’s fifty day moving average price is $7.58 and its two-hundred day moving average price is $8.10. Himalaya Shipping has a fifty-two week low of $4.57 and a fifty-two week high of $9.76. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 4.34.

Himalaya Shipping (NYSE:HSHP) last issued its earnings results on Friday, August 16th. The company reported $0.16 earnings per share for the quarter. Himalaya Shipping had a return on equity of 15.72% and a net margin of 21.93%. The firm had revenue of $31.20 million for the quarter.

Wall Street Analyst Weigh In

Separately, DNB Markets cut Himalaya Shipping from a “hold” rating to a “sell” rating in a research note on Monday, August 19th.

Himalaya Shipping Company Profile

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.