DRYS DryShips Inc.

  • STOCK
  • DRYS
  • Price as of: Dec 05, 03:20 PM EST
  • $4.62
  • -$0.18
  • -3.8%
  • Industry
  • Shipping
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DRYS Stock Dividend Data

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  • Dividend Yield
    0.00% Services Average 2.21%
  • Annualized Payout
    $0.00  
  • Payout Ratio
    NM EPS $0.00
  • Dividend Growth
    No Payout Increase Last Year
  • Get DRYS DARS™ Rating

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Upcoming Dividend Payouts

DRYS Upcoming Dividend Payouts

DRYS has not yet officially announced its next dividend payout.
DARS Rating™ Breakdown

Dividend.com DARS Rating™ Breakdown for DRYS

Metric Ranking Avg Ranking Notes
Stock not rated.

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Growth History

DRYS Dividend Growth History

Annualized Growth
1994-2012
Annualized Growth
1994-2004
Annualized Growth
2004-2008
Annualized Growth
2008-2012
Annualized Growth
Last 5 Yrs
Annualized Growth
Last 3 Yrs
Annual
Growth
2012
Consecutive
Years of
Increases
NA% NA% No Payout Increase Last Year
Reveal More Dividend Growth History for DRYS
Historical Annual Dividend Data & Growth

DRYS Historical Annual Dividend Data & Growth

Payout Amount Calendar Year Annual Growth
$1,199.9994 2008 0.0%
$1,199.9994 2007 0.0%
$1,199.9994 2006 100.0%
Historical Dividend Data

DRYS Dividend History

Payout Amount Declared Date Ex-Dividend Date Record Date Pay Date ▼ Qualified Dividend? Payout Type Frequency
0-for-1 2016-11-01 NM Stock Split NM
1-for-4 2016-08-15 NM Stock Split NM
0-for-1 2016-03-11 NM Stock Split NM
$299.9999 2008-09-30 2008-10-10 2008-10-15 2008-10-31 Unknown Regular Quarter
$299.9999 2008-07-18 2008-08-06 2008-08-08 2008-08-22 Unknown Regular Quarter
$299.9999 2008-04-02 2008-04-15 2008-04-17 2008-04-30 Unknown Regular Quarter
$299.9999 2007-01-09 2008-01-16 2008-01-18 2008-01-31 Unknown Regular Quarter
$299.9999 2007-09-24 2007-10-11 2007-10-15 2007-10-31 Unknown Regular Quarter
$299.9999 2007-07-03 2007-07-12 2007-07-16 2007-07-31 Unknown Regular Quarter
$299.9999 2007-04-04 2007-04-12 2007-04-16 2007-04-30 Unknown Regular Quarter
$299.9999 2007-01-04 2007-01-12 2007-01-17 2007-01-31 Unknown Regular Quarter
$299.9999 2006-09-22 2006-09-27 2006-09-29 2006-10-31 Yes Regular Quarter
$299.9999 2006-06-19 2006-06-28 2006-06-30 2006-07-31 Yes Regular Quarter
$299.9999 2006-04-04 2006-04-12 2006-04-17 2006-04-28 Yes Regular Quarter
$299.9999 2006-01-10 2006-01-12 2006-01-17 2006-01-31 Yes Regular Quarter
$299.9999 2005-09-19 2005-09-28 2005-09-30 2005-10-31 Yes Regular Quarter
$299.9999 2005-05-27 2005-06-24 2005-06-28 2005-07-29 Yes Regular Quarter

Knowledge Centers

Company Profile

DRYS Company Profile

Exchange: NASDAQ
Sector: Services
Industry: Shipping

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News

DryShips Inc. News

  • It looks like buyers are stepping up to the plate in a small way so far today. We have key energy data out at 10:30 that will be a key to how the...
  • DryShips Loses $1.02 Billion in Q4 on One-Time Charges (DRYS)

    Drybulk shipping company DryShips Inc. (DRYS) reported over $1 billion in losses for the fiscal fourth quarter, hurt mainly by goodwill impairment charges and contract termination fees. The Athens, Greece-based company said it lost $1.02 billion, or $18.42 per share in the quarter, compared with a profit of $194.4 million, or $5.35 per share, in the year-ago period. These results include a non-cash loss of $700.5 million, or $12.68 per share, on impairment charges derived from its acquisition of offshore drilling company Ocean Rig ASA. DryShips, which had previously owned a stake in the company, purchased the remaining shares of Ocean Rig in July 2008. Excluding these and other various one-time items, DryShips saw adjusted earnings of 43 cents per share. On average, Wall Street analysts expected adjusted profits of 66 cents per share. Net voyage revenue, excluding voyage expenses, totaled $117.1 million, down 47% from the year-ago period's total of $223.5 million. Analysts expected revenue of $206.8 million for the latest quarter. In order to control costs, the company has canceled 17 vessel acquisition contracts totaling $2 billion. Charges relating to three of these cancellations will result in a $116.4 million loss in the fiscal first quarter. DryShips, whose stock has lost over 97% of its value since hitting all-time highs in mid 2008, said it is in talks with lenders regarding additional covenant waivers on its debt. Shares of DryShips fell 78 cents, or -14%, in morning trading Wednesday. The Bottom Line Shares of DRYS are way off their all-time highs of $116 hit in 2007. The stock is trading near all-time technical lows and support is basically shaky. If the shares can manage to stop the downtrend, we see initial overhead resistance at the $7-9 levels. We do not currently rate this non-dividend paying stock, but do follow the name closely. DryShips Inc. (DRYS) suspended dividend payouts back in late January. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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  • The following companies announced a change in their dividend payouts today. Companies Increasing Dividend Payouts Allete () has raised its...
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  • Dryships Changes Strategy to Lock in Revenue (DRYS)

    Dryships (DRYS) just reported its third-quarter net income rose 71% to $180 million, or $4.21 a share, up from $105.3 million, or $2.97 a share, earned in the same period during 2007. The company, which hauls dry bulk commodities like iron ore and coal, has changed its chartering strategy by employing its vessels in long-term charter contracts that provides revenue stability. This will prove to be a smart move going forward in the event pricing power continues the road it has been going down over the last few months. The Bottom Line We have been avoiding shares of DRYS since our early June coverage began, and the stock was trading at $89.93. The company has a dividend yield of 4.16%, base don Friday's closing stock price of $19.25. The stock quite a run from May of 2006 when shares traded as low as $9 to highs one year ago of $123.50. We will be watching the volatile shares closely, as there may be some short-term opportunities that will pop up. Dryships (DRYS) is not recommended at this time, holding a Dividend.com Rating of 2.6 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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  • DryShips Could Suffer Greatly from Commodity Price Drop (DRYS)

    DryShips (DRYS) will be another name in focus today, as commodity prices are dropping all over the place this morning. The drybulk shipper has seen its stock struggle as of late, dropping 35% in the last three months. The stock's price action seems to be dictating even lower prices may be in the cards, so we are taking a closer look to draw out the potential scenario for investors that have a short-term focus. The Bottom Line The stock will need to hold the August 5th low of $66.30, as the next area of any support looks to be in the $52-55 area. If the stock can hold above the August 5th low, then its needs to get back over the $82 area for a potential move back up. When recent high-fliers such as DryShips experience these big pullbacks, opportunities may arise, and we like to outline the possible scenarios for investors. Remember, these "hot money" stocks are better suited for investors with shorter-term time lines. Until the stock can sustain above certain key levels, we think the long-term picture will remain unclear. Be sure to visit our complete recommended list of the Best Dividend Stocks as well as a detailed explanation of our ratings system here.
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  • Dryships Business Running Aground (DRYS)

    DryShips Inc. (DRYS) reported second-quarter profit that nearly tripled, helped by the sale of three ships, but its results were well below what analysts had expected. Revenues tripled during the quarter to $302.7 million, but EPS came in nearly $1 below Thomson Reuters estimates. The company is continuing with its fleet renewal and expansion plan to replace older tonnage with newer and larger vessels. The Bottom Line The stock had been a high-flier up until October of last year, where even with commodity prices continuing to make new highs, this stock started sliding, and is down nearly 45% from those levels. The company has a mediocre dividend yield of 1.09%, based on last night's closing stock price of $73.40. We would avoid trying to catch this down-trending stock, or other shipping stocks in general, none of which we are recommending at this time. Dryships (DRYS) is not a recommended dividend stock at this time, holding a Dividend.com rating of 3.0 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks as well as a detailed explanation of our ratings system here.
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