Okeanis Eco Tankers Corp. (NYSE:ECO) Plans Quarterly Dividend of $0.75

Okeanis Eco Tankers Corp. (NYSE:ECO) declared a quarterly dividend on Wednesday, November 12th. Stockholders of record on Tuesday, December 2nd will be paid a dividend of 0.75 per share on Thursday, December 11th. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Tuesday, December 2nd. This is a 7.1% increase from Okeanis Eco Tankers’s previous quarterly dividend of $0.70.

Okeanis Eco Tankers Stock Performance

Shares of ECO stock traded up $3.56 during trading on Thursday, reaching $39.42. 305,789 shares of the company’s stock were exchanged, compared to its average volume of 166,810. Okeanis Eco Tankers has a twelve month low of $17.91 and a twelve month high of $39.50. The firm’s fifty day moving average price is $30.85 and its 200-day moving average price is $26.41. The company has a quick ratio of 1.65, a current ratio of 1.96 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $1.27 billion and a PE ratio of 18.83.

Okeanis Eco Tankers (NYSE:ECO) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.48. The business had revenue of $59.95 million for the quarter, compared to analyst estimates of $51.29 million. Okeanis Eco Tankers had a net margin of 19.52% and a return on equity of 15.81%. As a group, sell-side analysts anticipate that Okeanis Eco Tankers will post 1.34 EPS for the current year.

Institutional Investors Weigh In On Okeanis Eco Tankers

A number of institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC grew its position in shares of Okeanis Eco Tankers by 5.4% during the 3rd quarter. SG Americas Securities LLC now owns 443,695 shares of the company’s stock valued at $12,987,000 after purchasing an additional 22,906 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Okeanis Eco Tankers by 56.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 150,568 shares of the company’s stock valued at $3,328,000 after purchasing an additional 54,528 shares during the last quarter. Semmax Financial Advisors Inc. lifted its position in shares of Okeanis Eco Tankers by 8.2% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 132,545 shares of the company’s stock worth $2,880,000 after purchasing an additional 10,016 shares during the period. Boston Partners lifted its holdings in shares of Okeanis Eco Tankers by 23.9% during the first quarter. Boston Partners now owns 71,731 shares of the company’s stock valued at $1,585,000 after purchasing an additional 13,842 shares during the last quarter. Finally, Energy Income Partners LLC grew its stake in shares of Okeanis Eco Tankers by 84.6% in the first quarter. Energy Income Partners LLC now owns 51,189 shares of the company’s stock worth $1,131,000 after acquiring an additional 23,452 shares during the last quarter.

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.