Get Paid Monthly With Himalaya Shipping
The war in Iran and uncertainty around the Strait of Hormuz continues to put the spotlight on energy stocks. And for good reason. The sector is up 35% year to date and 37% on an annual basis. There are other pockets of the stock market doing well too. One overlooked sector is Industrials, which has rallied 11% year to date. A rising tide lifts all boats, but Himalaya Shipping Ltd. (NYSE:HSHP) deserves your attention.
Himalaya Shipping is a new pure Cape player in the dry bulk market with 12 modern Newcastlemax dry bulk vessels delivered between 2023 and 2024. Each vessel has a capacity of approximately 210,000 dead weight tons. All vessels are also fixed on long term index charters with market leading premiums at average of 141%.
The dry bulk shipping market is expected to experience solid growth over the coming years due to an increase in demand for key commodities including iron ore, coal, cement, sand, and grain.
Strong Q2 Results
Management can wax eloquence about how a company did better than their financials suggest, but that isn’t the case with Himalaya Shipping. It reported strong financial results and anticipates a strong second half of the year as well.
In the second quarter revenue increased 80% to $53.7 million. Operating income jumped 370% to $36.7 million. Profitability surged to $24.6 million, or $0.52 per share from $1.1 million, or $0.02 per share in the same prior year period. (Source: “Q2 2026 Results Presentation,” Himalaya Shipping Ltd., August 11, 2026.)
Time charter equivalent (TCE) earnings hit $50,600 per day, from approximately $28,400 per day in the second quarter of 2025. That represents strong growth and a big premium over the cash-break even point of $17,500 per day.
HSHP Stock Up 110% Year To Date
Investors have a habit of rewarding companies that report strong financial results and positive guidance with a rising share price. And it’s the latter that really matters. The stock market is forward looking. Reporting strong financial results but providing weak guidance can result in a big pullback.
Again, this isn’t the case with HSHP stock, as of this writing (September 28) writing, HSHP stock is up:
- 36% over the last three months
- 50% over the last six months
- 11% year to date
- 126% year over year
September Payout Jumps 250% Year Over Year
Himalaya makes a lot of money, and it passes that onto shareholders in the form of a dividend. In fact, Himalaya Shipping said its goal is to pay out the majority of its free cash flow after debt service on a monthly basis.
Any dividends, of course, depend upon earnings, market prospects, current capital expenditure programs and investment opportunities. Right now, things are going well for Himalaya, it’s paid out 31 consecutive monthly cash distributions.
Most recently, it paid out a monthly cash distribution of $0.25 per share in September. That’s up from $0.10 per share in September 2025 and $0.22 per share in August 2026.
Chart courtesy of StockCharts.com
The Lowdown on Himalaya Shipping Ltd.
Himalaya Shipping Ltd is firing on all cylinders right now. It’s reporting strong financial results, including a big increase in profitability and earnings per share. This has helped juice its monthly payouts from $0.15 (May) to $0.22 (June, July, August) and $0.25 per share in September.
Looking ahead, management said it expects the momentum to continue thanks to rising bauxite, iron ore, and coal volumes and strong ton-mile demand. This should help energize HSHP’s monthly dividend and share price.
And that’s good news for shareholders and the 173 institutions that hold 56.16% of all outstanding shares. Three of the biggest holders are Goldman Sachs Group Inc., Barclays Plc, and Blackrock Inc. (Source: “Himalaya Shipping Ltd. (HSHP),” Yahoo! Finance, last accessed September 28, 2026.)