Okeanis Eco Tankers Corp. Declares Quarterly Dividend of $0.35

Okeanis Eco Tankers Corp. (NYSE:ECO) announced a quarterly dividend on February 21st, as reported by the Wall Street Journal. Shareholders who are on record as of March 3rd will receive a dividend of $0.35 per share, with the payment date set for March 17th. This dividend translates to an annualized amount of $1.40, which reflects a yield of 6.40%. The ex-dividend date is also on March 3rd.

Okeanis Eco Tankers Price Performance

During trading on February 21st, ECO shares dipped by $0.56, bringing the price to $21.88. The trading volume was 644,415 shares, significantly higher than the average volume of 254,665. The company's market capitalization stands at $704.32 million, with a price-to-earnings (PE) ratio of 6.47. Okeanis Eco Tankers holds a debt-to-equity ratio of 1.48, with a quick ratio of 1.34 and a current ratio of 1.69. Over the past year, the stock has seen a low of $18.79 and a high of $36.69, while the 50-day moving average is $22.74 and the 200-day moving average is $26.67.

Earnings Overview

On February 19th, Okeanis Eco Tankers released its earnings report, revealing an earnings per share (EPS) of $0.41 for the quarter. This figure surpassed the analysts' expectations of $0.22 by $0.19. The company's revenue for the quarter was $85.19 million, exceeding the anticipated $82.46 million. Okeanis Eco Tankers achieved a return on equity of 25.19% and reported a net margin of 27.68%. Analysts project an EPS of 1.34 for the current fiscal year.

Analyst Ratings

In a separate note, B. Riley lowered their target price for Okeanis Eco Tankers from $44.00 to $40.00 while maintaining a "buy" rating on the stock, as noted on January 15th.

Company Profile

Okeanis Eco Tankers Corp. is a global shipping company that owns and operates tanker vessels. The company manages a fleet of 14 vessels, including six modern Suezmax and eight VLCC tankers, focused primarily on crude oil transportation. Founded in 2018, the company is headquartered in Neo Faliro, Greece.

Conclusion

Okeanis Eco Tankers Corp. continues to show solid performance in both earnings and dividend distribution, appealing to investors looking for income as well as growth in the shipping sector.

Okeanis, Dividend, Stocks