United Maritime Corporation Plans Quarterly Dividend of $0.10 (NASDAQ:USEA)

United Maritime Corporation (NASDAQ:USEA) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Friday, September 25th will be given a dividend of 0.10 per share on Friday, October 9th. This represents a c) dividend on an annualized basis and a yield of 14.8%. The ex-dividend date of this dividend is Friday, September 25th.

United Maritime has a dividend payout ratio of -49.4% indicating that 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 Up 7.1%

United Maritime stock traded up $0.18 during midday trading on Thursday, reaching $2.70. The company’s stock had a trading volume of 108,514 shares, compared to its average volume of 67,749. The company has a market cap of $25.76 million, a P/E ratio of -13.50 and a beta of 0.81. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 1.62. The business has a 50-day simple moving average of $2.59 and a 200-day simple moving average of $2.21. United Maritime has a fifty-two week low of $1.42 and a fifty-two week high of $2.82.

United Maritime (NASDAQ:USEA) last released its quarterly earnings data on Thursday, May 21st. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.14. United Maritime had a positive return on equity of 0.18% and a negative net margin of 4.90%.The business had revenue of $7.95 million during the quarter, compared to analysts’ expectations of $8.10 million.

About United Maritime

United Maritime Corporation is a Marshall Islands–incorporated shipping company that provides seaborne transportation of crude oil and petroleum products. Traded on the NASDAQ under the symbol USEA, the company markets its tanker services to major oil producers, traders and refiners around the world. Its business model combines vessel ownership with time-charter contracts to deliver tailored shipping solutions across the energy supply chain.

The company’s fleet is composed primarily of medium‐ and large‐sized oil tankers, including Aframax and Suezmax vessels.