Okeanis Eco Tankers Corp. (NYSE:ECO) Raises Dividend to $0.70 Per Share

Okeanis Eco Tankers Corp. (NYSE:ECO) declared a dividend on Tuesday, August 19th, investing.com reports. Shareholders of record on Monday, August 25th will be paid a dividend of 0.70 per share on Friday, September 5th. This represents a yield of 1,080.0%. The ex-dividend date is Friday, August 22nd. This is a 118.8% increase from Okeanis Eco Tankers’s previous dividend of $0.32.

Okeanis Eco Tankers Stock Up 0.8%

ECO opened at $26.13 on Tuesday. Okeanis Eco Tankers has a 1-year low of $17.91 and a 1-year high of $35.64. The company has a current ratio of 1.96, a quick ratio of 1.65 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $841.26 million, a price-to-earnings ratio of 12.50 and a beta of -0.13. The business has a 50 day moving average of $23.64 and a 200-day moving average of $22.92.

Okeanis Eco Tankers (NYSE:ECO) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.37. Okeanis Eco Tankers had a return on equity of 15.81% and a net margin of 19.52%. The company had revenue of $93.95 million during the quarter, compared to analysts’ expectations of $56.10 million. As a group, sell-side analysts anticipate that Okeanis Eco Tankers will post 1.34 earnings per share for the current year.

Okeanis Eco Tankers Company Profile

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.