DSX - Diana Shipping: Time Charter Renewals Point To Strong Quarters Ahead
- The company has renewed several of its time charter contracts recently, with high double digit rate increases compared to the previously signed contracts.
- However, the company could exploit shorter term market dynamics more effectively.
- Still, the company pays a nice 10% forward dividend yield, although I'd like to see more transparency in its calculation.
- I'm still bullish on the stock, as a defensive holding in a shipping portfolio.
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Diana Shipping: Time Charter Renewals Point To Strong Quarters Ahead