Diana Shipping inc. (NYSE:DSX - Get Free Report) announced a quarterly dividend on Wednesday, July 30th, RTT News reports. Investors of record on Thursday, August 21st will be paid a dividend of 0.01 per share by the shipping company on Thursday, September 11th. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Thursday, August 21st.
Diana Shipping has a payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings.
Diana Shipping Stock Down 3.3%
Shares of NYSE:DSX opened at $1.48 on Monday. The firm has a fifty day moving average price of $1.57 and a 200 day moving average price of $1.62. Diana Shipping has a 1-year low of $1.27 and a 1-year high of $2.63. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.58 and a quick ratio of 2.52. The stock has a market cap of $171.34 million, a P/E ratio of 24.67 and a beta of 0.81.
Diana Shipping (NYSE:DSX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The shipping company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. Diana Shipping had a net margin of 9.36% and a return on equity of 4.09%. The business had revenue of $54.69 million for the quarter, compared to analysts' expectations of $52.55 million.
Institutional Trading of Diana Shipping
Several institutional investors have recently added to or reduced their stakes in the stock. R Squared Ltd raised its holdings in Diana Shipping by 117.1% in the second quarter. R Squared Ltd now owns 35,600 shares of the shipping company's stock valued at $52,000 after acquiring an additional 19,205 shares in the last quarter. Vident Advisory LLC raised its holdings in Diana Shipping by 213.5% in the first quarter. Vident Advisory LLC now owns 459,051 shares of the shipping company's stock valued at $716,000 after acquiring an additional 312,603 shares in the last quarter. State of Wyoming acquired a new stake in Diana Shipping in the first quarter valued at $44,000. Virtu Financial LLC acquired a new stake in Diana Shipping in the first quarter valued at $33,000. Finally, Blair William & Co. IL acquired a new stake in shares of Diana Shipping during the first quarter worth $78,000. 48.68% of the stock is owned by institutional investors and hedge funds.
About Diana Shipping
(
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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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