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DSX

Diana Shipping Inc.

https://www.dianashippinginc.com

Industry

Marine Shipping

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 April 13, 2022, it operated a fleet of 35 dry bulk vessels, including 4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 6 Kamsarmax, and 8 Panamax. The company was formerly known as Diana Shipping Investments Corp. and changed its name to Diana Shipping Inc. in February 2005. Diana Shipping Inc. was incorporated in 1999 and is based in Athens, Greece.

Open

1.85

Mkt cap

232M

Volume

660K

High

1.87

P/E Ratio

37.00

52-wk high

3.22

Low

1.84

Div yield

0.13

52-wk low

1.73

Diana Shipping, operating on time charter contracts, is receiving a final vote of confidence due to its strategic approach, favorable market positioning, share buyback program, and specialty vessels.

Portfolio Pulse from

December 14, 2024 | 4:30 pm

Diana Shipping Inc. has announced a self-tender offer to repurchase up to 15,000,000 shares, representing about 12% of its outstanding common stock, at $2.00 per share. The offer is set to expire on December 31, 2024, unless extended or withdrawn.

Portfolio Pulse from

December 02, 2024 | 2:30 pm

Diana Shipping (DSX) faces challenges with declining TCE and rising OPEX, leading to lower revenues, EBITDA, and net income. The company announced a significant dividend cut, raising concerns about dividend safety. Despite this, DSX restructured its debt, extending the maturity to 2029, and continued improving its capital structure.

Portfolio Pulse from

November 27, 2024 | 8:30 am

Diana Shipping Inc. (DSX) held its Q3 2024 earnings conference call, discussing the company's financial performance and strategic direction. Key participants included CEO Semiramis Paliou and CFO Ioannis Zafirakis.

Portfolio Pulse from

November 25, 2024 | 7:00 pm

Diana Shipping Inc. reported a decrease in net income for Q3 2024 compared to Q3 2023, with earnings per share dropping from $0.06 to $0.02. The company declared a cash dividend of $0.01 per share for Q3 2024.

Portfolio Pulse from

November 25, 2024 | 1:30 pm

Diana Shipping Inc. (NYSE: DSX) will release its Q3 2024 financial results on November 25, 2024, before the U.S. markets open. The company specializes in dry bulk vessel ownership and chartering.

Portfolio Pulse from

November 07, 2024 | 2:30 pm

Diana Shipping Inc. has secured an $80.2 million amended loan facility with Danish Ship Finance to refinance an existing loan. The new 7-year loan, maturing in April 2031, is secured by seven vessels, enhancing the company's capital structure and operational flexibility.

Portfolio Pulse from Benzinga Newsdesk

October 21, 2024 | 1:27 pm

Diana Shipping has secured a time charter contract for its vessel m/v Selina with Raffles Shipping at a rate of $10,500 per day. This contract is expected to generate approximately $1.39 million in revenue for a minimum period, with the charter running until March 1, 2025 - April 20, 2025. Diana Shipping's fleet consists of 38 dry bulk vessels with a total capacity of 4.2 million dwt.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2024 | 1:19 pm

Diana Shipping Inc. has extended its time charter contract with Aquavita International for the vessel m/v Phaidra, expected to generate $2.4M in gross revenue for the minimum period. The charter rate is $12,000 per day, minus a 4.75% commission, from October 2024 to mid-2025.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 1:24 pm

Diana Shipping has secured a time charter contract for its vessel m/v DSI Altair with Propel Shipping at a rate of $15,750 per day, starting on September 26, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 1:25 pm

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