DryShips Inc. Plans Quarterly Dividend of $0.09 (DRYS)

DryShips Inc. (NASDAQ:DRYS) declared a quarterly dividend on Monday, July 10th, NASDAQ reports. Shareholders of record on Thursday, July 20th will be paid a dividend of 0.094 per share by the shipping company on Friday, August 4th. This represents a $0.38 dividend on an annualized basis and a yield of 12.13%. The ex-dividend date is Tuesday, July 18th.

Shares of DryShips (NASDAQ DRYS) traded up 51.22% on Friday, reaching $3.10. 52,471,950 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $5.98 and a 200 day moving average of $1,056.38. DryShips has a one year low of $0.98 and a one year high of $799,680.00. The firm’s market capitalization is $880400.00.

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DRYS has been the topic of a number of recent research reports. Vetr cut shares of DryShips from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 10th. ValuEngine raised shares of DryShips from a “sell” rating to a “hold” rating in a report on Thursday, June 29th.

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.

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