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

United Maritime Corporation (NASDAQ:USEA) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Monday, June 29th will be given a dividend of 0.10 per share on Friday, July 10th. This represents a c) dividend on an annualized basis and a yield of 16.9%. The ex-dividend date is Monday, June 29th.

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 Price Performance

United Maritime stock opened at $2.36 on Friday. The firm has a market cap of $22.51 million, a PE ratio of -3.32 and a beta of 0.75. United Maritime has a 52-week low of $1.22 and a 52-week high of $2.39. The company has a quick ratio of 0.67, a current ratio of 0.68 and a debt-to-equity ratio of 0.59. The company’s 50 day moving average is $2.13 and its two-hundred day moving average is $1.91.

United Maritime (NASDAQ:USEA) last released its earnings results on Thursday, May 21st. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.14. The company had revenue of $7.95 million for the quarter, compared to analyst estimates of $8.10 million. United Maritime had a negative net margin of 16.50% and a negative return on equity of 7.86%.

United Maritime Company Profile

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.