Himalaya Shipping Ltd. (HSHP) to Issue Monthly Dividend of $0.04 on November 29th

Himalaya Shipping Ltd. (NYSE:HSHP) declared a monthly dividend on Monday, November 11th,Wall Street Journal reports. Investors 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 annualized dividend and a yield of 6.57%. The ex-dividend date is Monday, November 18th.

Himalaya Shipping Stock Performance

Shares of HSHP opened at $7.31 on Friday. Himalaya Shipping has a one year low of $4.95 and a one year high of $9.76. The company has a quick ratio of 0.78, a current ratio of 0.87 and a debt-to-equity ratio of 4.34. The stock has a 50-day moving average of $7.57 and a two-hundred day moving average of $8.08.

Himalaya Shipping (NYSE:HSHP) last posted its quarterly earnings results on Friday, August 16th. The company reported $0.16 EPS for the quarter. The company had revenue of $31.20 million for the quarter. Himalaya Shipping had a net margin of 21.93% and a return on equity of 15.72%.

Wall Street Analyst Weigh In

Separately, DNB Markets lowered shares of Himalaya Shipping from a “hold” rating to a “sell” rating in a report on Monday, August 19th.

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.