United Maritime Corporation (NASDAQ:USEA – Get Free Report) declared a quarterly dividend on Tuesday, March 10th. Stockholders of record on Friday, March 27th will be given a dividend of 0.10 per share on Friday, April 10th. This represents a c) dividend on an annualized basis and a dividend yield of 20.0%. The ex-dividend date is Friday, March 27th. This is a 11.1% increase from United Maritime’s previous quarterly dividend of $0.09.
United Maritime has a payout ratio of -49.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
United Maritime Price Performance
Shares of United Maritime stock opened at $2.00 on Wednesday. The company has a current ratio of 0.62, a quick ratio of 0.61 and a debt-to-equity ratio of 1.15. The firm has a fifty day simple moving average of $1.91 and a 200-day simple moving average of $1.78. The stock has a market capitalization of $18.14 million, a price-to-earnings ratio of -2.82 and a beta of 0.84. United Maritime has a 1-year low of $1.00 and a 1-year high of $2.28.
About United Maritime
United Maritime Corporation is a Marshall Islands–incorporated shipping company that provides seaborne transportation of crude oil and petroleum products. Traded on the NASDAQ under the symbol USEA, the company markets its tanker services to major oil producers, traders and refiners around the world. Its business model combines vessel ownership with time-charter contracts to deliver tailored shipping solutions across the energy supply chain.
The company’s fleet is composed primarily of medium‐ and large‐sized oil tankers, including Aframax and Suezmax vessels.
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