Diana Shipping reports improved Q1 profits but lower revenues, declaring a small dividend.

Diana Shipping reported a first-quarter net income of $3.0 million and earnings of $1.6 million attributed to common stockholders, up from $2.1 million and $0.6 million respectively in 2024. The company declared a $0.01 per share dividend and saw time charter revenues dip to $54.9 million from $57.6 million, due to fewer ownership days despite higher charter rates and fleet utilization. Diana Shipping operates a fleet of 38 dry bulk vessels and has a market cap of $170.76 million. Wall Street Zen upgraded their rating on the company to "hold."