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

Himalaya Shipping Ltd. (NYSE:HSHP) declared a monthly dividend on Monday, November 11th,Wall Street Journal reports. Stockholders 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 6.58%. The ex-dividend date is Monday, November 18th.

Himalaya Shipping Price Performance

Shares of NYSE:HSHP opened at $7.29 on Friday. Himalaya Shipping has a 12-month low of $4.95 and a 12-month high of $9.76. The business’s fifty day simple moving average is $7.57 and its 200-day simple moving average is $8.08. The company has a current ratio of 0.87, a quick ratio of 0.78 and a debt-to-equity ratio of 4.34.

Himalaya Shipping (NYSE:HSHP) last announced 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.

Analysts Set New Price Targets

Separately, DNB Markets downgraded 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.