DryShips Inc. (DRYS) Declares Quarterly Dividend of $0.02

DryShips Inc. (NASDAQ:DRYS) announced a quarterly dividend on Tuesday, February 6th, Zacks reports. Investors of record on Tuesday, February 20th will be paid a dividend of 0.024 per share by the shipping company on Thursday, March 8th. This represents a $0.10 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Friday, February 16th.

Shares of DryShips (DRYS) opened at $3.32 on Friday. DryShips has a 52-week low of $0.98 and a 52-week high of $4,870.61. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.01 and a current ratio of 4.01. The company has a market capitalization of $346.19, a PE ratio of 0.00 and a beta of 1.84.

DryShips (NASDAQ:DRYS) last announced its earnings results on Tuesday, November 21st. The shipping company reported ($0.42) EPS for the quarter. DryShips had a negative net margin of 177.74% and a negative return on equity of 33.32%. The business had revenue of $29.93 million for the quarter.

Several research analysts have issued reports on DRYS shares. BidaskClub lowered DryShips from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. ValuEngine upgraded DryShips from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th.

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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.

Dividend History for DryShips (NASDAQ:DRYS)

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