Okeanis Eco Tankers Corp. (ECO) to Issue Quarterly Dividend of $2.00 on June 5th

Okeanis Eco Tankers Corp. (NYSE:ECO) announced a quarterly dividend on Thursday, May 14th. Shareholders of record on Thursday, May 28th will be given a dividend of 2.00 per share on Friday, June 5th. This represents a c) annualized dividend and a yield of 14.5%. The ex-dividend date is Thursday, May 28th. This is a 29.0% increase from Okeanis Eco Tankers’s previous quarterly dividend of $1.55.

Okeanis Eco Tankers Stock Performance

Okeanis Eco Tankers stock opened at $55.03 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.70 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $2.15 billion, a P/E ratio of 9.72 and a beta of 0.09. The stock’s 50 day moving average is $50.86 and its 200 day moving average is $42.86. Okeanis Eco Tankers has a twelve month low of $21.27 and a twelve month high of $58.45.

Okeanis Eco Tankers (NYSE:ECO) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.59. Okeanis Eco Tankers had a return on equity of 37.13% and a net margin of 41.26%.The business had revenue of $170.17 million during the quarter, compared to analyst estimates of $134.02 million. On average, equities research analysts predict that Okeanis Eco Tankers will post 4.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Encompass Capital Advisors LLC bought a new position in shares of Okeanis Eco Tankers in the 4th quarter valued at about $27,416,000. FIL Ltd increased its position in shares of Okeanis Eco Tankers by 17.2% during the fourth quarter. FIL Ltd now owns 574,182 shares of the company’s stock worth $19,339,000 after acquiring an additional 84,130 shares during the period. Fearnley Asset Management AS purchased a new position in Okeanis Eco Tankers during the fourth quarter valued at approximately $18,696,000. Marshall Wace LLP purchased a new position in Okeanis Eco Tankers in the fourth quarter worth $10,911,000. Finally, Goldman Sachs Group Inc. grew its holdings in Okeanis Eco Tankers by 23.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 225,358 shares of the company’s stock worth $7,626,000 after purchasing an additional 42,414 shares during the last quarter.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp. is a Marshall Islands–incorporated, publicly traded shipping company specializing in the ownership and operation of eco-design product tankers. The company made its debut on the New York Stock Exchange under the ticker “ECO” in May 2019 following an initial public offering. It focuses on the acquisition of newbuilding medium-range (MR) and long-range (LR) product tankers designed to deliver enhanced fuel efficiency and reduced emissions.

As of its public listing, Okeanis Eco Tankers’ fleet comprises twelve eco-efficient vessels built by Hyundai Samho Heavy Industries in South Korea.