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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

2.27

Mkt cap

287M

Volume

323K

High

2.30

P/E Ratio

25.44

52-wk high

3.57

Low

2.25

Div yield

0.16

52-wk low

2.14

Diana Shipping has extended its time charter contract with Nippon Yusen for the vessel m/v Los Angeles. The new charter rate is $28,700 per day minus a 5% commission, effective from July 18, 2024, until a period between October 1, 2025, and December 15, 2025.

Portfolio Pulse from Benzinga Newsdesk

July 05, 2024 | 3:02 pm

Diana Shipping has entered into a time charter contract with Cobelfret for its Kamsarmax vessel m/v Myrsini. The contract stipulates a gross charter rate of $17,100 per day, minus a 5% commission, and covers a period from June 25, 2024, to February 1, 2025, with a maximum extension to March 25, 2025.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 12:13 pm

Diana Shipping Inc. (NYSE:DSX) has announced a time charter contract for its vessel m/v Polymnia with Reachy Shipping at a gross rate of $17,500 per day, starting June 8, 2024. This contract is expected to generate approximately $7.25 million in gross revenue for the minimum period.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 1:18 pm

Diana Shipping has entered into a time charter contract for its vessel m/v Electra with Aquavita. The contract stipulates a gross charter rate of $14,000 per day, minus a 4.75% commission paid to third parties, for a period extending from a minimum of October 15, 2025, to a maximum of December 31, 2025.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 1:21 pm

Jefferies analyst Omar Nokta maintains a Hold rating on Diana Shipping (NYSE:DSX) with a $3 price target.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 5:29 pm

Diana Shipping (NYSE:DSX) reported Q1 2024 earnings per share of $0.01, missing the analyst consensus estimate of $0.02. The company also reported a 20.64% year-over-year decrease in sales, from $72.640 million to $57.648 million.

Portfolio Pulse from Benzinga Newsdesk

May 28, 2024 | 12:47 pm

Diana Shipping has signed a time charter contract with ASL Bulk Shipping for the m/v Leto. The contract stipulates a gross charter rate of $16,000 per day, minus a 5% commission to third parties. The charter period is set from at least March 1, 2025, to a maximum of April 30, 2025.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 1:17 pm

Genco Shipping & Trading (NYSE:GNK) announces a dividend payout of $0.41 per share with a 9.15% yield, payable on March 13, 2024, to shareholders of record as of March 06, 2024. The company has shown positive dividend growth from $0.32 to $0.95 per share from 2021 to 2023 and an increase in earnings per share from $-0.50 to $0.91, indicating strong financial health and potential for sustained dividend distributions. Diana Shipping (NYSE:DSX) has the highest annualized dividend yield in the industry at 17.10%.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 3:05 pm

Diana Shipping Inc. (DSX) has entered into a time charter contract with Louis Dreyfus Company for the m/v Crystalia, an Ice Class Panamax dry bulk vessel. The contract, starting in Q2 2024, has a gross charter rate of $13,900 minus a 5% commission, for 21 to 25 months, expected to generate $8.76 million in gross revenue. Following the sale of m/v Houston and m/v Artemis, DSX's fleet will include 38 vessels, with plans to add two methanol dual fuel Kamsarmax vessels by 2028. The current fleet's capacity is about 4.5 million dwt.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 2:19 pm

Diana Shipping (NYSE:DSX) announced a quarterly dividend of 7.5 cents per share, with the ex-dividend date set for Monday. Shareholders owning DSX by the end of Friday's session are eligible for the dividend, payable on March 12, 2024. The stock is expected to open 7.5 cents lower on Monday due to the dividend payout.

Portfolio Pulse from Benzinga Insights

February 28, 2024 | 2:45 pm

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