Euroseas Ltd. (NASDAQ:ESEA) Announces Quarterly Dividend of $0.80

Euroseas Ltd. (NASDAQ:ESEAGet Free Report) declared a quarterly dividend on Thursday, August 13th. Shareholders of record on Wednesday, September 9th will be paid a dividend of 0.80 per share by the shipping company on Wednesday, September 16th. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Wednesday, September 9th.

Euroseas has a payout ratio of 26.3% meaning its dividend is sufficiently covered by earnings.

Euroseas Price Performance

ESEA traded down $0.89 on Thursday, hitting $73.59. 68,503 shares of the company’s stock were exchanged, compared to its average volume of 63,795. Euroseas has a fifty-two week low of $51.00 and a fifty-two week high of $79.67. The company has a current ratio of 5.46, a quick ratio of 5.38 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $71.05 and a 200-day moving average price of $67.21. The stock has a market cap of $519.55 million, a price-to-earnings ratio of 3.88 and a beta of 0.45.

Euroseas (NASDAQ:ESEAGet Free Report) last released its earnings results on Thursday, August 13th. The shipping company reported $4.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.09 by $0.61. The business had revenue of $56.50 million during the quarter, compared to analyst estimates of $55.98 million. Euroseas had a net margin of 58.31% and a return on equity of 27.55%. As a group, equities analysts anticipate that Euroseas will post 18.1 earnings per share for the current year.

About Euroseas

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Euroseas Ltd. (NASDAQ: ESEA) is an international shipping company specializing in seaborne transportation of containerized and drybulk cargoes. Incorporated in Bermuda with its principal operations and management office based in Athens, Greece, the company owns and charters a diversified fleet of containerships, drybulk carriers and multipurpose vessels. Euroseas provides tailored shipping solutions on time-charter and voyage-charter agreements, serving manufacturers, commodity traders and logistics providers across major trade routes.

Euroseas’s fleet comprises both owned and chartered tonnage, enabling the company to adjust capacity to market conditions and customer requirements.

Further Reading

Dividend History for Euroseas (NASDAQ:ESEA)

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