Okeanis Eco Tankers Corp. (NYSE:ECO) Plans $0.35 Quarterly Dividend

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

Okeanis Eco Tankers Stock Performance

NYSE ECO opened at $21.88 on Friday. Okeanis Eco Tankers has a fifty-two week low of $18.79 and a fifty-two week high of $36.69. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.34 and a current ratio of 1.64. The firm has a market capitalization of $704.32 million and a P/E ratio of 6.47. The stock has a 50-day simple moving average of $22.74 and a two-hundred day simple moving average of $26.67.

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

Analyst Upgrades and Downgrades

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

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.