Diana Shipping, which is now paying a quarterly dividend for the first time since 2008, was sent directly to the exchange after providing much better numbers than the previous year.
Illustrative photo of the Diana freighter.
Greek dry freight company Diana Shipping, listed on the New York Stock Exchange under the DSX index, departed on Friday afternoon. Presentation of figures for the fourth quarter of last year.
- Profit after tax was $41.1 million, compared to minus $7.4 million in the fourth quarter of last year.
- Charter airline revenue was $68.8 million in the fourth quarter of 2021, compared to $42.7 million in the same period last year.
For 2021 as a whole, profit after tax was $57.4 million, versus a loss of $134.2 million in 2020.
The company decided to pay a dividend of $0.20 per share for the fourth quarter. This is Diana Shipping’s first quarterly dividend since 2008, but a dividend of $0.10 per share has also been paid last year in connection with Oceanpal’s incidental listing and subsequent listing.
The stock rose 15.57 percent on Wall Street on Friday after the report.
Profits for dry-cargo ships, which transport raw materials such as coal and iron ore, especially the largest of the bulk type, soared earlier this fall to a 12-year high. But the price level has since collapsed, but analysts expect a strong dry shipping year as well in 2022.
Diana Shipping has a fleet of 34 dry bulk vessels, divided into 4 Newcastlemax, 6 camsarmax, 11 capesize, 8 panamax and 5 post-panamax.
Additionally, the company expects to deliver a massive new building in the first quarter.
Other dry goods results for the fourth quarter:
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