ATHENS, Greece, May 28, 2024 (GLOBE NEWSWIRE) -- 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 $2.1 million and net income attributed to common stockholders of $0.6 million for the first quarter of 2024. This compares to net income of $22.7 million and net income attributed to common stockholders of $21.3 million for the first quarter of 2023. Earnings per share for the first quarter of 2024 was $0.01 basic and diluted, compared to earnings per share of $0.22 basic and diluted in the same quarter of 2023. Time charter revenues were $57.6 million for the first quarter of 2024, compared to $72.6 million for the same quarter of 2023. The decrease in time charter revenues, compared to the same quarter of last year, was due to decreased average charter rates and ownership days. Dividend Declaration The Company has declared a cash dividend on its common stock of $0.075 per share, based on the Company's results of operations during the first quarter ended March 31, 2024. The cash dividend will be payable on or about June 18, 2024 to all common shareholders of record as of June 12, 2024. The Company currently has 120,321,240 common shares issued and outstanding. As of May 20, 2024, there were 3,284,372 warrants exercised. Q2 2024 Fleet Employment (As of May 27, 2024)                       VESSEL   SISTER SHIPS* GROSS RATE (USD PER DAY) COM** CHARTERERS DELIVERY DATE TO CHARTERERS*** REDELIVERY DATE TO OWNERS**** NOTES   BUILT DWT   9 Ultramax Bulk Carriers 1 DSI Phoenix   A 13,250 5.00 % ASL Bulk Marine Limited 4-Nov-22 6-May-24     2017 60,456     16,500 5.00 % Bulk Trading SA 6-May-24 1/Aug/2025 - 30/Sep/2025   2 DSI Pollux   A 14,000 4.75 % Cargill Ocean Transportation (Singapore) Pte. Ltd. 28-Dec-23 20/Aug/2025 - 20/Oct/2025     2015 60,446               3 DSI Pyxis   A 14,250 5.00 % ASL Bulk Marine Limited 24-Sep-23 10/Oct/2024 - 10/Dec/2024     2018 60,362               4 DSI Polaris   A 13,100 5.00 % ASL Bulk Marine Limited 12-Nov-22 15/Jun/2024 - 29/Jul/2024 1   2018 60,404               5 DSI Pegasus   A 14,000 5.00 % Reachy Shipping (SGP) Pte. Ltd. 7-Dec-22 15/Jul/2024 - 15/Sep/2024     2015 60,508               6 DSI Aquarius   B 14,200 5.00 % Engelhart CTP Freight (Switzerland) SA 1-Feb-23 18-Jan-24     2016 60,309     14,500 5.00 % Stone Shipping Ltd 18-Jan-24 1/Dec/2024 - 1/Feb/2025   7 DSI Aquila   B 12,500 5.00 % Western Bulk Carriers AS 11-Nov-23 10/Nov/2024 - 10/Jan/2025     2015 60,309               8 DSI Altair   B 13,800 5.00 % Western Bulk Carriers AS 23-Jun-23 10/Aug/2024 - 10/Oct/2024     2016 60,309               9 DSI Andromeda   B 13,500 5.00 % Bunge SA, Geneva 27-Nov-23 20/Feb/2025 - 20/Apr/2025 2,3   2016 60,309               6 Panamax Bulk Carriers 10 ARTEMIS     12,000 5.00 % Jera Global Markets Pte. Ltd. 14-Oct-23 23-Feb-24 4   2006 76,942               11 LETO     14,500 4.75 % Cargill International S.A., Geneva 29-Jan-23 3-May-24     2010 81,297     16,000 5.00 % ASL Bulk Shipping Limited 3-May-24 1/Mar/2025 - 30/Apr/2025   12 SELINA   C 12,000 4.75 % Cargill International S.A., Geneva 20-May-23 15/Sep/2024 - 15/Nov/2024     2010 75,700               13 MAERA   C 12,000 4.75 % Cargill International S.A., Geneva 16-Dec-22 29-Jan-24 5   2013 75,403     13,750 5.00 % ST Shipping and Transport Pte. Ltd. 29-Jan-24 20/Nov/2024 - 20/Jan/2025 14 ISMENE     12,650 5.00 % Paralos Shipping Pte., Ltd. 13-Sep-23 15/Apr/2025 - 30/Jun/2025     2013 77,901               15 CRYSTALIA   D 11,250 5.00 % Reachy Shipping (SGP) Pte. Ltd. 6-Sep-23 13-Apr-24 6   2014 77,525     13,900 5.00 % Louis Dreyfus Company Freight Asia Pte. Ltd. 4-May-24 4/Feb/2026 - 4/Jun/2026   16 ATALANDI   D 13,250 4.75 % Aquavita International S.A. 15-Feb-23 29-Apr-24 7   2014 77,529     15,800 5.00 % Quadra Commodities SA 28-May-24 22-Jul-24 8,9 6 Kamsarmax Bulk Carriers 17 MAIA   E 13,500 5.00 % ST Shipping and Transport Pte. Ltd. 23-Sep-23 15/Jun/2024 - 20/Aug/2024     2009 82,193               18 MYRSINI   E 15,000 5.00 % Salanc Pte. Ltd. 22-Nov-22 20/Jun/2024 - 28/Jun/2024 1   2010 82,117               19 MEDUSA   E 14,250 5.00 % ASL Bulk Shipping Limited 14-May-23