Okeanis Eco Tankers Corp. (NYSE:ECO) Announces Quarterly Dividend of $2.00

Okeanis Eco Tankers Corp. (NYSE:ECO) announced a quarterly dividend on Thursday, May 14th. Investors of record on Thursday, May 28th will be paid a dividend of 2.00 per share on Friday, June 5th. This represents a c) dividend on an annualized basis and a dividend yield of 14.9%. The ex-dividend date is Thursday, May 28th. This is a 29.0% increase from Okeanis Eco Tankers’s previous quarterly dividend of $1.55.

Okeanis Eco Tankers Stock Down 1.2%

ECO traded down $0.68 on Thursday, hitting $53.76. The company had a trading volume of 718,664 shares, compared to its average volume of 483,983. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 14.35 and a beta of 0.09. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.39 and a current ratio of 1.50. The stock has a fifty day moving average price of $50.71 and a 200-day moving average price of $42.62. Okeanis Eco Tankers has a 12-month low of $21.27 and a 12-month high of $58.45.

Okeanis Eco Tankers (NYSE:ECO) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.74 by $0.59. The firm had revenue of $170.17 million during the quarter, compared to analyst estimates of $134.02 million. Okeanis Eco Tankers had a net margin of 31.40% and a return on equity of 26.63%. Analysts predict that Okeanis Eco Tankers will post 4.35 EPS for the current fiscal year.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp. is a Marshall Islands–incorporated, publicly traded shipping company specializing in the ownership and operation of eco-design product tankers. The company made its debut on the New York Stock Exchange under the ticker “ECO” in May 2019 following an initial public offering. It focuses on the acquisition of newbuilding medium-range (MR) and long-range (LR) product tankers designed to deliver enhanced fuel efficiency and reduced emissions.

As of its public listing, Okeanis Eco Tankers’ fleet comprises twelve eco-efficient vessels built by Hyundai Samho Heavy Industries in South Korea.