Himalaya Shipping Ltd. (NYSE:HSHP) Declares $0.04 Monthly Dividend

Key Points

• Himalaya Shipping Ltd. announced a monthly dividend of $0.04 per share, with an annualized yield of 6.7%, payable on August 29th to investors on record as of August 19th.
• Shares of HSHP traded at $7.19, with a market cap of approximately $286.71 million and a considerable debt-to-equity ratio of 4.21.
• The company reported a quarterly loss of ($0.14) per share, but exceeded the consensus estimate by $0.02, despite revenue falling short at $21.90 million against an expected $31.18 million.

Himalaya Shipping Ltd. (NYSE:HSHP - Get Free Report) declared a monthly dividend on Monday, August 11th, Wall Street Journal reports. Investors of record on Tuesday, August 19th will be paid a dividend of 0.04 per share on Friday, August 29th. This represents a c) annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend is Monday, August 18th.

Himalaya Shipping Stock Down 0.1%

HSHP stock traded down $0.01 during trading on Friday, hitting $7.40. 53,539 shares of the stock traded hands, compared to its average volume of 130,107. Himalaya Shipping has a one year low of $4.29 and a one year high of $8.74. The company has a 50 day simple moving average of $6.68 and a 200 day simple moving average of $5.79. The company has a current ratio of 0.95, a quick ratio of 1.00 and a debt-to-equity ratio of 4.25.

Himalaya Shipping (NYSE:HSHP - Get Free Report) last posted its earnings results on Thursday, May 22nd. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.16) by $0.02. Himalaya Shipping had a net margin of 5.32% and a return on equity of 4.03%. The company had revenue of $21.90 million during the quarter, compared to analysts' expectations of $31.18 million.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Himalaya Shipping from a "sell" rating to a "hold" rating in a report on Saturday, August 9th.

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.