Okeanis Eco Tankers Corp. (ECO) to Issue Quarterly Dividend of $0.35 on March 17th

Okeanis Eco Tankers Corp. (NYSE:ECO) announced a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.35 per share on Monday, March 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date is Monday, March 3rd.

Okeanis Eco Tankers Trading Down 2.5 %

Shares of NYSE:ECO opened at $21.88 on Friday. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.64 and a quick ratio of 1.34. The firm has a market capitalization of $704.32 million and a P/E ratio of 6.47. The business’s 50-day moving average is $22.74 and its 200 day moving average is $26.67. Okeanis Eco Tankers has a 1 year low of $18.79 and a 1 year high of $36.69.

Okeanis Eco Tankers (NYSE:ECO) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.19. The firm had revenue of $85.19 million for the quarter, compared to the consensus estimate of $82.46 million. Okeanis Eco Tankers had a net margin of 27.68% and a return on equity of 25.40%. On average, research analysts predict that Okeanis Eco Tankers will post 1.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, B. Riley decreased their price target on shares of Okeanis Eco Tankers from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, January 15th.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.