United Maritime Corporation (USEA) To Go Ex-Dividend on June 29th

United Maritime Corporation (NASDAQ:USEA) declared a quarterly dividend on Wednesday, May 20th. Investors of record on Monday, June 29th will be paid a dividend of 0.10 per share on Friday, July 10th. This represents a c) dividend on an annualized basis and a yield of 15.0%. The ex-dividend date is Monday, June 29th.

United Maritime has a payout ratio of -49.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

United Maritime Trading Up 0.8%

USEA stock opened at $2.67 on Friday. United Maritime has a 12-month low of $1.42 and a 12-month high of $2.75. The business’s 50-day moving average is $2.40 and its 200 day moving average is $2.09. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 1.62. The stock has a market cap of $25.47 million, a price-to-earnings ratio of -13.35 and a beta of 0.82.

United Maritime (NASDAQ:USEA) last announced its earnings results on Thursday, May 21st. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.14. The business had revenue of $7.95 million during the quarter, compared to analysts’ expectations of $8.10 million. United Maritime had a positive return on equity of 0.18% and a negative net margin of 4.90%.

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.