United Maritime Co. (NASDAQ:USEA – Get Free Report) declared a quarterly dividend on Monday, August 5th, Zacks reports. Shareholders of record on Friday, September 27th will be given a dividend of 0.075 per share on Thursday, October 10th. This represents a $0.30 dividend on an annualized basis and a yield of 11.19%. The ex-dividend date is Friday, September 27th.
United Maritime has a payout ratio of 187.5% 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 Price Performance
USEA opened at $2.68 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.46 and a current ratio of 0.47. The stock has a market capitalization of $23.30 million, a PE ratio of 8.65 and a beta of 0.53. The stock’s 50 day moving average price is $2.54 and its 200-day moving average price is $2.59. United Maritime has a 52-week low of $2.01 and a 52-week high of $3.00.
Wall Street Analyst Weigh In
Separately, Maxim Group raised shares of United Maritime to a “strong-buy” rating in a research note on Thursday, June 27th.
Get Our Latest Stock Report on USEA
United Maritime Company Profile
United Maritime Corporation, a shipping company, offers seaborne transportation services worldwide. It operates a fleet of eight dry bulk vessels comprising three Panamax, three Capesize, and two Kamsarmax vessels with an aggregate cargo-carrying capacity of approximately 922,054 dwt. The company was incorporated in 2022 and is based in Glyfada, Greece.
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