Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 321

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 321
---

share

awards

was
469,525,
109,089
and
nil, respectively.
Net income attributable to common stockholders is adjusted

by the dividends on Series B Preferred Stock
and the gain on warrants to calculate the diluted earnings per share.

2024
2023
2022
Net income
$
12,746
$
49,844
$
119,063
Dividends on series B preferred shares
(5,769)
(5,769)
(5,769)
Net income attributable to common stockholders
$
6,977
$
44,075
$
113,294
Weighted average number of common shares, basic
115,956,249
100,166,629
80,061,040
Earnings per share, basic
$
0.06
$
0.44
$
1.42
Net income
$
12,746
$
49,844
$
119,063
Dividends on series B preferred shares
(5,769)
(5,769)
(5,769)
Gain on warrants
(719)
(1,583)
-
Adjusted net income attributable to common
stockholders
$
6,258
$
42,492
$
113,294
Weighted average number of common shares, basic
115,956,249
100,166,629
80,061,040
Incremental shares
2,698,994
1,710,513
3,257,861
Weighted average number of common shares, diluted
118,655,243
101,877,142
83,318,901
Earnings per share, diluted
$
0.05
$
0.42
$
1.36

15.

Income Taxes
Under

the

laws

of

the

countries

of

the

companies’

incorporation

and

/

or

vessels’

registration,

the
companies are

not subject

to tax

on international

shipping income;

however, they are

subject to

registration
and tonnage

taxes, which

are included

in vessel

operating expenses

in the

accompanying consolidated
statements of income.
The vessel-owning

companies with

vessels that

have called

on the

United States

are obliged

to file

tax
returns with the Internal Revenue Service. However, pursuant to the Internal Revenue Code of the United
States, U. S.

source income