ATHENS, GREECE, May 28, 2026 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today reported net income of $29.1 million and net income attributed to common stockholders of $27.7 million for the first quarter of 2026. This compares to net income of $3.0 million and net income attributable to common stockholders of $1.6 million for the first quarter of 2025. Earnings per share for the first quarter of 2026 was $0.25 basic and diluted, compared to $0.01 basic and diluted for the same quarter of 2025.
Time charter revenues were $54.7 million for the first quarter of 2026, compared to $54.9 million for the same quarter of 2025. The slight decrease in time charter revenues, compared to the same quarter of the prior year, was due to decreased ownership days following the sale of one vessel and was partially offset by higher average charter rates and improved fleet utilization.
Dividend Declaration
The Company has declared a cash dividend on its common stock of $0.01 per share, based on the Company’s results of operations during the first quarter ended March 31, 2026. The cash dividend will be payable on or about June 18, 2026, to all common shareholders of record as of June 10, 2026. As of May 27, 2026, the Company had 124,402,479 common shares issued and outstanding and 15,689,643 warrants outstanding..
Diana Shipping Inc.
c/o Diana Shipping Services S.A.
