Diana Shipping Inc. (NYSE:DSX) Declares $0.01 Quarterly Dividend

Diana Shipping Inc. (NYSE:DSX) announced a quarterly dividend on Tuesday, February 25th, Wall Street Journal reports. Stockholders of record on Wednesday, March 12th will be paid a dividend of 0.01 per share by the shipping company on Friday, March 21st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Wednesday, March 12th.

Diana Shipping has raised its dividend by an average of 33.0% per year over the last three years. Diana Shipping has a payout ratio of 13.3% meaning its dividend is sufficiently covered by earnings.

Diana Shipping Price Performance

Shares of DSX opened at $1.81 on Monday. Diana Shipping has a twelve month low of $1.73 and a twelve month high of $3.22. The firm’s fifty day simple moving average is $1.85 and its 200-day simple moving average is $2.09. The firm has a market capitalization of $225.90 million, a price-to-earnings ratio of 60.19 and a beta of 1.00. The company has a current ratio of 2.10, a quick ratio of 2.04 and a debt-to-equity ratio of 1.27.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Diana Shipping from a “sell” rating to a “hold” rating in a research note on Tuesday, November 26th.

Diana Shipping Company Profile

Diana Shipping Inc provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes worldwide. As of March 1, 2024, it operated a fleet of 38 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 9 Ultramax, and 6 Panamax.