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

United Maritime Co. (NASDAQ:USEA) declared a quarterly dividend on Wednesday, November 27th,Wall Street Journal reports. Shareholders of record on Friday, December 27th will be paid 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 of this dividend is Friday, December 27th.

United Maritime has a dividend 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 Trading Down 0.5 %

Shares of USEA stock traded down $0.01 on Wednesday, reaching $1.98. 91,726 shares of the company’s stock were exchanged, compared to its average volume of 45,017. The company’s fifty day simple moving average is $2.38 and its 200 day simple moving average is $2.51. The stock has a market capitalization of $17.52 million, a PE ratio of 2.65 and a beta of 0.59. The company has a current ratio of 0.47, a quick ratio of 0.46 and a debt-to-equity ratio of 0.66. United Maritime has a 52 week low of $1.96 and a 52 week high of $3.00.

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.