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

United Maritime Co. (NASDAQ:USEA) announced a quarterly dividend on Tuesday, August 6th, Zacks reports. Investors of record on Friday, September 27th will be paid a dividend of 0.075 per share on Thursday, October 10th. This represents a $0.30 annualized dividend and a yield of 12.45%. The ex-dividend date is Friday, September 27th.

United Maritime has a dividend payout ratio of 187.5% 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

Shares of United Maritime stock remained flat at $2.41 during trading hours on Wednesday. The stock had a trading volume of 1,793 shares, compared to its average volume of 43,777. The company has a market capitalization of $20.95 million, a price-to-earnings ratio of 7.81 and a beta of 0.54. The company has a current ratio of 0.36, a quick ratio of 0.35 and a debt-to-equity ratio of 1.46. United Maritime has a 1-year low of $2.01 and a 1-year high of $3.00. The firm has a 50-day moving average of $2.60 and a two-hundred day moving average of $2.63.

United Maritime (NASDAQ:USEA) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.10). United Maritime had a net margin of 8.02% and a return on equity of 5.68%.

Analyst Ratings Changes

Separately, Maxim Group upgraded shares of United Maritime to a “strong-buy” rating in a research note on Thursday, June 27th.

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.