United Maritime Co. (USEA) to Issue Quarterly Dividend of $0.01 on April 10th

United Maritime Co. (NASDAQ:USEA) declared a quarterly dividend on Monday, March 17th, Wall Street Journal reports. Investors of record on Thursday, March 27th will be given a dividend of 0.01 per share on Thursday, April 10th. This represents a $0.04 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Thursday, March 27th.

United Maritime has a payout ratio of -31.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

United Maritime Stock Performance

Shares of USEA stock remained flat at $1.64 on Wednesday. 32,537 shares of the company traded hands, compared to its average volume of 46,124. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.47 and a quick ratio of 0.46. The business has a fifty day simple moving average of $1.81 and a 200 day simple moving average of $2.08. United Maritime has a fifty-two week low of $1.49 and a fifty-two week high of $2.98. The company has a market cap of $14.51 million, a P/E ratio of -6.31 and a beta of 0.54.

About United Maritime

United Maritime Corporation, a shipping company, offers seaborne transportation services worldwide. It operates a fleet of eight dry bulk vessels comprising three Panamax, three Capesize, and two Kamsarmax vessels with an aggregate cargo-carrying capacity of approximately 922,054 dwt. The company was incorporated in 2022 and is based in Glyfada, Greece.