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

Himalaya Shipping Ltd. (NYSE:HSHP) announced 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 annualized dividend and a dividend yield of 6.64%. The ex-dividend date of this dividend is Monday, November 18th.

Himalaya Shipping Stock Up 1.5 %

Shares of NYSE:HSHP traded up $0.11 during midday trading on Monday, reaching $7.23. The company had a trading volume of 134,456 shares, compared to its average volume of 102,185. The company’s 50 day moving average price is $7.59 and its 200 day moving average price is $8.11. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.78 and a quick ratio of 0.78. Himalaya Shipping has a 52-week low of $4.57 and a 52-week high of $9.76.

Himalaya Shipping (NYSE:HSHP) last released its earnings results on Friday, August 16th. The company reported $0.16 earnings per share for the quarter. The company had revenue of $31.20 million for the quarter.

Analyst Upgrades and Downgrades

Separately, DNB Markets lowered 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.