Diana Shipping inc. (DSX) to Distribute Quarterly Dividend of $0.01 on September 11th

Diana Shipping inc. (NYSE:DSX) declared a quarterly dividend on Thursday, July 30th. Shareholders of record on Friday, August 21st will be given a dividend of 0.01 per share by the shipping company on Friday, September 11th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, August 21st.

Diana Shipping has a dividend payout ratio of 14.8% indicating that its dividend is sufficiently covered by earnings.

Diana Shipping Stock Up 5.0%

Shares of NYSE DSX opened at $2.42 on Friday. The firm has a market cap of $300.43 million, a price-to-earnings ratio of 5.03 and a beta of 0.51. The company’s 50-day simple moving average is $2.24 and its 200-day simple moving average is $2.37. The company has a quick ratio of 2.69, a current ratio of 2.73 and a debt-to-equity ratio of 1.17. Diana Shipping has a 52-week low of $1.46 and a 52-week high of $2.91.

Diana Shipping (NYSE:DSX) last released its quarterly earnings results on Thursday, July 30th. The shipping company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.14. The firm had revenue of $57.29 million during the quarter, compared to the consensus estimate of $54.60 million. Diana Shipping had a net margin of 27.88% and a return on equity of 7.70%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on DSX shares. Weiss Ratings restated a “hold (c-)” rating on shares of Diana Shipping in a research report on Monday, July 20th. Wall Street Zen upgraded Diana Shipping from a “buy” rating to a “strong-buy” rating in a report on Saturday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Diana Shipping currently has a consensus rating of “Hold”.

About Diana Shipping

Diana Shipping Inc is a global shipping company incorporated in the Republic of the Marshall Islands and headquartered in Athens, Greece. The company specializes in the ownership and operation of dry bulk vessels that transport a variety of commodities, including coal, iron ore, grains, fertilizers, steel products and other bulk materials. Diana Shipping’s fleet comprises Panamax, Capesize, Newcastlemax and Supramax/Newcastlemax segments, enabling it to address the needs of customers on key global trade routes.

The company conducts its operations by chartering vessels on short‐term voyage charters and longer‐term period charters.