United Maritime Co. Plans Quarterly Dividend of $0.08 (NASDAQ:USEA)

United Maritime Co. (NASDAQ:USEA) declared a quarterly dividend on Wednesday, November 27th,Wall Street Journal reports. Stockholders of record on Friday, December 27th will be given a dividend of 0.075 per share on Friday, January 10th. This represents a $0.30 annualized dividend and a dividend yield of 15.15%. The ex-dividend date is Friday, December 27th.

United Maritime has a dividend payout ratio of -54.5% 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 Stock Performance

USEA stock opened at $1.98 on Thursday. United Maritime has a 12-month low of $1.96 and a 12-month high of $3.00. The company has a current ratio of 0.47, a quick ratio of 0.46 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $17.52 million, a PE ratio of 2.64 and a beta of 0.59. The stock’s 50 day simple moving average is $2.36 and its 200 day simple moving average is $2.51.

United Maritime Company Profile

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.