Okeanis Eco Tankers Corp. (NYSE:ECO) to Issue Quarterly Dividend of $1.10

Okeanis Eco Tankers Corp. (NYSE:ECO) declared a quarterly dividend on Monday, August 12th, Wall Street Journal reports. Shareholders of record on Wednesday, August 21st will be given 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 Price Performance

ECO traded up $0.02 during midday trading on Monday, reaching $30.49. 86,757 shares of the company’s stock traded hands, compared to its average volume of 52,846. Okeanis Eco Tankers has a 52 week low of $22.00 and a 52 week high of $36.69. The company has a market cap of $981.60 million and a PE ratio of 7.27. The firm has a fifty day moving average price of $31.51. The company has a quick ratio of 1.61, a current ratio of 1.87 and a debt-to-equity ratio of 1.47.

Okeanis Eco Tankers (NYSE:ECO) last announced its earnings results on Thursday, May 16th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.13. Okeanis Eco Tankers had a return on equity of 31.86% and a net margin of 32.84%. The firm had revenue of $111.12 million during the quarter, compared to analyst estimates of $109.19 million. Sell-side analysts forecast that Okeanis Eco Tankers will post 4.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, B. Riley raised their price objective on Okeanis Eco Tankers from $38.00 to $44.00 and gave the company a “buy” rating in a research report 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.