DryShips Inc. (NASDAQ:DRYS) announced a quarterly dividend on Monday, July 10th, NASDAQ reports. Shareholders of record on Thursday, July 20th will be given a dividend of 0.094 per share by the shipping company on Friday, August 4th. This represents a $0.38 annualized dividend and a dividend yield of 41.09%. The ex-dividend date of this dividend is Tuesday, July 18th.

Shares of DryShips (DRYS) opened at 0.9151 on Tuesday. The firm’s 50 day moving average is $2.64 and its 200 day moving average is $176.80. The firm’s market capitalization is $1.82 million. DryShips has a 1-year low of $0.89 and a 1-year high of $114,240.70.

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Several equities analysts have weighed in on DRYS shares. Vetr raised DryShips from a “strong sell” rating to a “sell” rating and set a $2.32 target price on the stock in a research note on Monday, June 26th. ValuEngine upgraded DryShips from a “sell” rating to a “hold” rating in a report on Thursday, June 29th.

About DryShips

DryShips, Inc is a holding company. The Company owns drybulk carriers and offshore support vessels. The Company operates through two segments: the drybulk carrier and the offshore support. Under its drybulk segment, the Company operates as a provider of drybulk commodities transportation services for the steel, electric utility, construction and agri-food industries.

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