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

United Maritime Co. (NASDAQ:USEA) declared a quarterly dividend on Monday, November 25th,Wall Street Journal reports. Shareholders 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 yield of 16.17%. The ex-dividend date is Friday, December 27th.

United Maritime has a payout ratio of -54.5% 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 Price Performance

NASDAQ USEA opened at $1.86 on Wednesday. The company has a current ratio of 0.47, a quick ratio of 0.46 and a debt-to-equity ratio of 1.62. The company has a market cap of $16.42 million, a PE ratio of -7.13 and a beta of 0.44. United Maritime has a 1 year low of $1.72 and a 1 year high of $3.00. The stock’s 50-day moving average price is $2.12 and its two-hundred day moving average price is $2.41.

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.