United Maritime Corporation (USEA) to Distribute Quarterly Dividend of $0.10 on October 9th

United Maritime Corporation (NASDAQ:USEA) declared a quarterly dividend on Tuesday, July 28th. Stockholders of record on Friday, September 25th will be given a dividend of 0.10 per share on Friday, October 9th. This represents a c) annualized dividend and a dividend yield of 12.9%. The ex-dividend date of this dividend is Friday, September 25th.

United Maritime has a dividend payout ratio of -49.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

United Maritime Stock Performance

Shares of NASDAQ USEA opened at $3.09 on Wednesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.94 and a current ratio of 0.96. The company has a market cap of $29.48 million, a P/E ratio of -15.45 and a beta of 0.81. United Maritime has a 52-week low of $1.42 and a 52-week high of $3.20. The firm’s fifty day moving average is $2.77 and its two-hundred day moving average is $2.48.

United Maritime (NASDAQ:USEA) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.12. The firm had revenue of $9.99 million during the quarter, compared to the consensus estimate of $9.80 million. United Maritime had a negative net margin of 5.07% and a positive return on equity of 2.31%.

United Maritime Company Profile

United Maritime Corporation (NASDAQ: USEA) is a global shipping company that owns and operates oceangoing vessels engaged in the transportation of commodities and other cargoes. Its fleet activities have primarily focused on dry bulk carriers and tankers, which serve international trade routes.

The company’s dry bulk vessels transport commodities such as grains, coal, and other bulk materials, while its tanker operations are designed to carry liquid cargoes. United Maritime employs a combination of charter arrangements, including time charters and voyage-based employment, to commercialize its vessels and serve customers in international markets.

United Maritime is based in Greece and has historically been associated with the Greek shipping industry.