Diana Shipping Inc. (NYSE:DSX - Get Free Report) declared a dividend on Saturday, June 14th, investing.com reports. Shareholders of record on Wednesday, June 18th will be given a dividend of 0.01 per share by the shipping company on Tuesday, June 24th. This represents a yield of 2.38%. The ex-dividend date is Tuesday, June 17th.
Diana Shipping has a payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings.
Diana Shipping Stock Up 3.4%
Shares of DSX stock traded up $0.06 during trading hours on Tuesday, hitting $1.69. 211,349 shares of the company were exchanged, compared to its average volume of 479,182. The business has a 50 day moving average of $1.49 and a two-hundred day moving average of $1.69. Diana Shipping has a 52 week low of $1.27 and a 52 week high of $2.97. The company has a market capitalization of $195.08 million, a PE ratio of 56.19 and a beta of 0.80. The company has a current ratio of 2.10, a quick ratio of 2.04 and a debt-to-equity ratio of 1.27.
Diana Shipping (NYSE:DSX - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The shipping company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). Diana Shipping had a return on equity of 4.42% and a net margin of 5.36%. The business had revenue of $54.90 million during the quarter, compared to the consensus estimate of $51.30 million.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded shares of Diana Shipping from a "sell" rating to a "hold" rating in a report on Saturday, May 24th.
View Our Latest Stock Analysis on Diana Shipping
Diana Shipping Company Profile
(
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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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