Okeanis Eco Tankers Corp. (NYSE:ECO) Declares $1.10 Quarterly Dividend

Okeanis Eco Tankers Corp. (NYSE:ECO) announced a quarterly dividend on Monday, August 12th, Wall Street Journal reports. Shareholders of record on Wednesday, August 21st will be paid a dividend of 1.10 per share on Thursday, September 5th. This represents a $4.40 dividend on an annualized basis and a yield of 14.43%. The ex-dividend date of this dividend is Wednesday, August 21st.

Okeanis Eco Tankers Stock Performance

NYSE ECO traded up $0.02 on Monday, reaching $30.49. The company’s stock had a trading volume of 86,757 shares, compared to its average volume of 52,846. The company has a current ratio of 1.87, a quick ratio of 1.61 and a debt-to-equity ratio of 1.47. Okeanis Eco Tankers has a twelve month low of $22.00 and a twelve month high of $36.69. The company has a market capitalization of $981.60 million and a PE ratio of 7.27. The business has a 50 day moving average price of $31.51.

Okeanis Eco Tankers (NYSE:ECO) last posted its quarterly earnings data on Thursday, May 16th. The company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. Okeanis Eco Tankers had a net margin of 32.84% and a return on equity of 31.86%. The company had revenue of $111.12 million during the quarter, compared to analyst estimates of $109.19 million. Equities research analysts anticipate that Okeanis Eco Tankers will post 4.27 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, B. Riley upped their price objective on shares of Okeanis Eco Tankers from $38.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, May 17th.

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.