Diana Shipping Inc. (NYSE:DSX - Get Free Report) declared a dividend on Saturday, June 14th, investing.com reports. Stockholders 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 dividend yield of 2.38%. The ex-dividend date of this dividend is Tuesday, June 17th.
Diana Shipping has a dividend payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings.
Diana Shipping Stock Performance
Shares of DSX stock traded up $0.08 on Friday, hitting $1.69. 320,624 shares of the stock were exchanged, compared to its average volume of 481,056. The company has a current ratio of 2.10, a quick ratio of 2.04 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $195.08 million, a PE ratio of 56.19 and a beta of 0.80. Diana Shipping has a one year low of $1.27 and a one year high of $2.97. The firm's 50 day moving average is $1.48 and its two-hundred day moving average is $1.70.
Diana Shipping (NYSE:DSX - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The shipping company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $54.90 million for the quarter, compared to the consensus estimate of $51.30 million. Diana Shipping had a return on equity of 4.42% and a net margin of 5.36%.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded Diana Shipping from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th.
Get Our Latest 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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