Okeanis Eco Tankers Corp. (ECO) to Issue Quarterly Dividend of $5.25 on August 21st

Okeanis Eco Tankers Corp. (NYSE:ECO) declared a quarterly dividend on Tuesday, August 4th. Investors of record on Friday, August 14th will be given a dividend of 5.25 per share on Friday, August 21st. This represents a c) annualized dividend and a yield of 34.6%. The ex-dividend date of this dividend is Friday, August 14th. This is a 162.5% increase from Okeanis Eco Tankers’s previous quarterly dividend of $2.00.

Okeanis Eco Tankers Stock Performance

Shares of ECO opened at $60.69 on Thursday. The company has a current ratio of 1.70, a quick ratio of 1.56 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $2.37 billion, a P/E ratio of 5.66 and a beta of -0.15. The firm’s fifty day simple moving average is $53.50 and its two-hundred day simple moving average is $50.27. Okeanis Eco Tankers has a 12 month low of $23.82 and a 12 month high of $63.67.

Okeanis Eco Tankers (NYSE:ECO) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $5.91 earnings per share for the quarter, topping the consensus estimate of $4.61 by $1.30. Okeanis Eco Tankers had a return on equity of 70.18% and a net margin of 56.92%.The firm had revenue of $268.14 million during the quarter, compared to analyst estimates of $220.28 million. As a group, analysts predict that Okeanis Eco Tankers will post 9.53 EPS for the current year.

Institutional Trading of Okeanis Eco Tankers

Several hedge funds have recently bought and sold shares of ECO. Militia Capital Management LLC acquired a new position in shares of Okeanis Eco Tankers during the first quarter valued at about $3,541,000. Navellier & Associates Inc. bought a new stake in shares of Okeanis Eco Tankers during the fourth quarter worth about $631,000. Walleye Capital LLC raised its holdings in shares of Okeanis Eco Tankers by 71.9% in the 1st quarter. Walleye Capital LLC now owns 177,417 shares of the company’s stock worth $8,976,000 after acquiring an additional 74,231 shares during the last quarter. Encompass Capital Advisors LLC acquired a new stake in shares of Okeanis Eco Tankers in the 4th quarter worth about $27,416,000. Finally, GeoSphere Capital Management LLC acquired a new stake in shares of Okeanis Eco Tankers in the 4th quarter worth about $2,453,000.

Okeanis Eco Tankers Company Profile

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.