Euroseas Ltd. (NASDAQ:ESEA – Get Free Report) declared a quarterly dividend on Wednesday, February 25th. Shareholders of record on Tuesday, March 10th will be paid a dividend of 0.75 per share by the shipping company on Tuesday, March 17th. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Tuesday, March 10th. This is a 7.1% increase from Euroseas’s previous quarterly dividend of $0.70.
Euroseas has a dividend payout ratio of 23.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Euroseas to earn $17.27 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 16.2%.
Euroseas Trading Down 0.4%
ESEA traded down $0.27 during trading on Thursday, reaching $62.72. 4,245 shares of the company’s stock were exchanged, compared to its average volume of 35,958. The stock has a market capitalization of $439.66 million, a PE ratio of 3.59 and a beta of 0.81. Euroseas has a one year low of $26.30 and a one year high of $66.00. The firm has a fifty day moving average price of $55.71 and a two-hundred day moving average price of $58.04. The company has a current ratio of 3.59, a quick ratio of 3.53 and a debt-to-equity ratio of 0.47.
Euroseas Company Profile
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.
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