Diana Shipping Inc.
DSXIndustrials · Marine Shipping · Stock · quarterly payer
Forward Yield
1.60%
Annual Dividend
$0.04
Payout Ratio
8%
5-Yr Growth
—
Ex-Date
Aug 21, 2026
Frequency
Quarterly
Key facts about DSX's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Diana Shipping Inc. (DSX) has a forward dividend yield of 1.60%, based on an annual dividend of $0.04 per share and a share price of $2.50.
- As of Oct 18, 2026, DSX's dividend safety grade from SmarterDividends is C (58 out of 100), which rates the dividend as borderline.
- DSX last cut its regular dividend in 2024.
- DSX's most recent ex-dividend date was Aug 21, 2026, for a dividend of $0.0100 per share.
- As of Oct 18, 2026, DSX pays out 8% of its trailing 12-month earnings as dividends (its payout ratio).
- As of Oct 18, 2026, DSX's 1.60% yield is 82% below its five-year average yield of 8.94%.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for DSX is $5.51 per share, 120% above the $2.50 share price, so DSX screens as undervalued.
- Diana Shipping Inc. (DSX) pays its dividend quarterly, 4 times a year.
- Diana Shipping Inc. (DSX) has raised its regular dividend 14 times and cut it 4 times across the 33 payments on record since 2005. Its most recent change was a 86.7% cut to $0.0100 per share, going ex-dividend on Dec 11, 2024.
Cite this page
SmarterDividends, "DSX Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/DSX
Summary
As of Oct 18, 2026, Diana Shipping Inc. (DSX) yields 1.60% ($0.04 a year per share) and has a dividend safety grade of C (58/100).
Is DSX a good dividend stock?
Yes, with caveatsDiana Shipping Inc. (DSX) pays a quarterly dividend yielding 1.60% ($0.04/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (8%)
Risks
- Cut its dividend in 2024
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 1.60%
- Payout Ratio
- 8%
- Annual Dividend
- $0.04
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Aug 21, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.55
- Market Cap
- $311.0M
- P/E Ratio
- 5.1
- 5-Yr Total Return
- -40%
- 52-Week Range
- $1.60 – $3.20
- Dividend Safety
- C · 58/100
- Ever Cut?
- Yes (2024)
DSX dividend raises and cuts
Diana Shipping Inc. (DSX) has raised its regular dividend 14 times and cut it 4 times across the 33 payments on record since 2005. Its most recent change was a 86.7% cut to $0.0100 per share, going ex-dividend on Dec 11, 2024.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Dec 11, 2024 | Cut | $0.0750 → $0.0100 | −86.7% |
| Mar 4, 2024 | Cut | $0.150 → $0.0750 | −50.0% |
| Mar 10, 2023 | Cut | $0.175 → $0.150 | −14.3% |
| Nov 25, 2022 | Cut | $0.275 → $0.175 | −36.4% |
| Aug 5, 2022 | Raise | $0.250 → $0.275 | +10.0% |
| Jun 3, 2022 | Raise | $0.200 → $0.250 | +25.0% |
| Mar 8, 2022 | Raise | $0.0876 → $0.200 | +128.2% |
| Nov 24, 2008 | Raise | $0.769 → $0.803 | +4.4% |
| Aug 12, 2008 | Raise | $0.718 → $0.769 | +7.1% |
| May 23, 2008 | Raise | $0.507 → $0.718 | +41.7% |
| Feb 27, 2008 | Raise | $0.490 → $0.507 | +3.4% |
| Nov 27, 2007 | Raise | $0.431 → $0.490 | +13.7% |
Show all 18 changes since 2006
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Aug 14, 2007 | Raise | $0.423 → $0.431 | +2.0% |
| May 14, 2007 | Raise | $0.389 → $0.423 | +8.7% |
| Mar 5, 2007 | Raise | $0.338 → $0.389 | +15.0% |
| Nov 20, 2006 | Raise | $0.300 → $0.338 | +12.7% |
| Aug 16, 2006 | Raise | $0.292 → $0.300 | +2.9% |
| May 16, 2006 | Raise | $0.0676 → $0.292 | +331.3% |
Frequently Asked Questions
Is DSX a good dividend stock?
Yes, with caveats. Diana Shipping Inc. (DSX) pays a quarterly dividend yielding 1.60% ($0.04/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Is DSX undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, DSX's fair value is about $5.51 versus a $2.50 share price — so it looks undervalued (+120% vs. fair value).
Is DSX's dividend safe?
DSX has a dividend-safety grade of C (58/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2024, debt and yield-versus-history.
What is DSX's fair value?
Our blended fair-value estimate for DSX is about $5.51 per share, roughly 120% above the current $2.50 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is DSX a buy, hold, or sell?
We don't issue formal ratings, but on the data DSX screens as "yes, with caveats" and undervalued. Diana Shipping Inc. (DSX) pays a quarterly dividend yielding 1.60% ($0.04/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.
Will DSX cut its dividend?
DSX earns a dividend-safety grade of C (58/100), and has cut its dividend before (last in 2024). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does DSX pay a dividend?
Yes. Diana Shipping Inc. pays a quarterly dividend of about $0.04 per share annually, a forward yield of roughly 1.60%.
What is DSX's dividend yield?
As of Oct 18, 2026, DSX's forward dividend yield is 1.60%, based on a $0.04 annual dividend and a $2.50 share price.
What is DSX's dividend per share?
As of Oct 18, 2026, DSX pays $0.04 per share per year, distributed on a quarterly basis.
What is DSX's dividend payout ratio?
As of Oct 18, 2026, DSX's payout ratio is 8% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has DSX grown its dividend?
DSX does not currently have a long dividend-growth streak on record.
When is the next DSX ex-dividend date?
As of Oct 18, 2026, DSX's next ex-dividend date hasn't been announced. The most recent was Aug 21, 2026, for $0.0100 per share.
DSX Price — Last 12 Months
Daily close
Price Return
1 Year
+27%
3 Years
-27%
5 Years
-40%
52-Week Range
$1.60 – $3.20
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is DSX worth?
Undervaluedlow confidenceOur blended fair-value estimate for Diana Shipping Inc. is $5.51 per share, versus a market price of $2.50. That implies 120% of upside — a margin of safety of about 55%.
Fair Value
$5.51
Current Price
$2.50
Upside
+120%
Margin of Safety
55%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about -0.3% annual free-cash-flow growth. We model 12.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.0% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $0.49 EPS, $0.04 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
DSX Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full DSX dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 21, 2026 | Sep 11, 2026 | $0.0100 | regular |
| Jun 10, 2026 | Jun 18, 2026 | $0.0100 | regular |
| Mar 11, 2026 | Mar 18, 2026 | $0.0100 | regular |
| Aug 21, 2025 | Sep 11, 2025 | $0.0100 | regular |
| Jun 17, 2025 | Jun 24, 2025 | $0.0100 | regular |
| Mar 12, 2025 | Mar 21, 2025 | $0.0100 | regular |
| Dec 11, 2024 | Dec 18, 2024 | $0.0100 | regular |
| Aug 15, 2024 | Aug 30, 2024 | $0.0750 | regular |
| Jun 12, 2024 | Jun 18, 2024 | $0.0750 | regular |
| Mar 4, 2024 | Mar 12, 2024 | $0.0750 | regular |
| Aug 11, 2023 | Sep 8, 2023 | $0.1500 | regular |
| Jun 9, 2023 | Jul 10, 2023 | $0.1500 | regular |
| Mar 10, 2023 | Mar 20, 2023 | $0.1500 | regular |
| Nov 25, 2022 | Dec 15, 2022 | $0.1750 | regular |
Income Calculator
At $0.04 / yr per share
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