Diana Shipping Inc. (NYSE:DSX - Get Free Report) announced a quarterly dividend on Tuesday, February 25th, Wall Street Journal reports. Shareholders 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 2.14%. The ex-dividend date of this dividend is Wednesday, March 12th.
Diana Shipping has increased its dividend by an average of 33.0% per year over the last three years. Diana Shipping has a dividend payout ratio of 13.3% meaning its dividend is sufficiently covered by earnings.
Diana Shipping Stock Performance
Shares of DSX stock traded down $0.01 during trading on Friday, reaching $1.87. The company had a trading volume of 217,250 shares, compared to its average volume of 326,253. The company has a market capitalization of $233.41 million, a PE ratio of 62.19 and a beta of 1.05. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.10 and a quick ratio of 2.04. The firm's 50 day simple moving average is $1.86 and its two-hundred day simple moving average is $2.11. Diana Shipping has a one year low of $1.73 and a one year high of $3.22.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Diana Shipping from a "sell" rating to a "hold" rating in a report on Tuesday, November 26th.
Check Out Our Latest Stock Report on DSX
About Diana Shipping
(
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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.
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