Diana Shipping Inc. is a global provider of shipping services, primarily engaged in the transportation of dry bulk cargoes, which include commodities such as iron ore, coal, and grains
The company operates a fleet of modern, high-quality vessels that are chartered to a variety of customers, including major industrial corporations and trading companies. Through its commitment to operational excellence and adherence to environmental standards, Diana Shipping aims to deliver reliable and efficient shipping solutions while maintaining a focus on sustainability within the maritime industry.
Known for distributing high dividends to investors when business operations are strong the Transportation-Shipping Industry will be one to watch in March.
The company announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Pte., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v San Francisco.
Companies Reporting Before The Bell • Fomento Economico (NYSEFMX) is likely to report quarterly earnings at $1.61 per share on revenue of $11.66 billion.
Today, February 13, 2024, Capital Product Partners (NASDAQCPLP) will distribute a dividend payout of $0.15 per share, highlighting an annualized dividend yield of 3.37%. Shareholders who owned the stock before the ex-dividend date on February 05, 2024 will be eligible for this payout.
The shipping stock sector is noted for its high yields. There are over a dozen that have yields of 5% or more, with one, Frontline Ltd., forward yielding over 13%.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
