DryShips Inc. (NASDAQ:DRYS) to Issue $0.09 Quarterly Dividend
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.
WARNING: “DryShips Inc. (NASDAQ:DRYS) to Issue $0.09 Quarterly Dividend” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/07/11/dryships-inc-nasdaqdrys-to-issue-0-09-quarterly-dividend.html.
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.
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.
Receive News & Ratings for DryShips Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DryShips Inc. and related companies with MarketBeat.com's FREE daily email newsletter.