Filed: March 30, 2010 (period: December 31, 2009)

 

DIANA SHIPPING INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
FOR THE YEARS ENDED DECEMBER 31, 2009, 2008 AND 2007
(Expressed in thousands of U.S. Dollars – except for share and per share data)
																																		Retained
								Common Stock									Additional							Other										Earnings /
				Comprehensive_____of'>Comprehensive				# of				Par					Paid-in							Comprehensive										(Accumulated
				Income____Shares'>Income				Shares				Value					Capital							Income										Deficit)										Total
BALANCE, December 31,  2006									53,050,000		$		531		$			368,477			$				-					$					(5,905)					-					363,103
	- Net income			134,220				-				-					-							-										134,220										134,220
	- Issuance of common stock			-				21,325,000				213					432,872							-										-										433,085
	- Dividends declared and paid ($ 0.46 per share)			-				-				-					-							-										(24,403)										(24,403)
	- Dividends declared and paid ($ 0.50 per share)			-				-				-					-							-										(31,437)										(31,437)
	- Dividends declared and paid ($ 0.51 per share)			-				-				-					-							-										(32,066)										(32,066)
	- Dividends declared and paid ($ 0.58 per share)			-				-				-					-							-										(43,138)										(43,138)
	- Actuarial gains			110				-				-					-							110										-										110
	Comprehensive income	$		134,330
BALANCE, December 31,  2007									74,375,000		$		744		$			801,349			$				110					$					(2,729)										799,474
	- Net income			221,699				-				-					-							-										221,699										221,699
	- Issuance of common stock			-				686,697				7					1,225							-										-										1,232
	- Dividends declared and paid ($ 0.60 per share)			-				-				-					-							-										(44,670)										(44,670)
	- Dividends declared and paid ($ 0.85 per share)			-				-				-					-							-										(63,283)										(63,283)
	- Dividends declared and paid ($ 0.91 per share)			-				-				-					-							-										(67,750)										(67,750)
	- Dividends declared and paid ($ 0.95 per share)			-				-				-					-							-										(71,298)										(71,298)
	- Actuarial gains			72				-				-					-							72										-										72
	Comprehensive income	$		221,771				-				-					-							-										-										-
BALANCE, December 31,  2008									75,061,697		$		751		$			802,574			$				182					$					(28,031)										775,476
	- Net income			121,498				-				-					-							-										121,498										121,498
	- Issuance of common stock			-				6,369,999				64					102,403							-										-										102,467
	- Actuarial gains			(116)				-				-					-							(116)										-										(116)
	Comprehensive income	$		121,382				-				-					-							-										-										-
BALANCE, December 31,  2009									81,431,696		$		815		$			904,977			$				66					$					93,467										999,325
The accompanying notes are an integral part of these consolidated financial statements.