Okeanis Eco Tankers Corp. (NYSE:ECO) Raises Dividend to $7.00 Per Share

Okeanis Eco Tankers Corp. (NYSE:ECO) announced a quarterly dividend on Wednesday, November 11th. Stockholders of record on Monday, November 23rd will be given a dividend of $7.00 per share on Tuesday, December 1st. This represents a $28.00 dividend on an annualized basis and a dividend yield of 32.7%. The ex-dividend date is Monday, November 23rd. This is a 33.3% increase from Okeanis Eco Tankers’s previous quarterly dividend of $5.25.

Okeanis Eco Tankers Stock Up 4.8%

NYSE ECO opened at $85.60 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.43 and a quick ratio of 4.13. The stock has a market capitalization of $3.34 billion, a PE ratio of 7.99 and a beta of -0.32. Okeanis Eco Tankers has a 1 year low of $31.75 and a 1 year high of $102.56. The business’s 50-day moving average is $85.59 and its 200 day moving average is $60.72.

Okeanis Eco Tankers (NYSE:ECO) last released its quarterly earnings results on Wednesday, November 11th. The company reported $7.67 EPS for the quarter, beating analysts’ consensus estimates of $4.73 by $2.94. Okeanis Eco Tankers had a return on equity of 62.06% and a net margin of 56.92%. The business had revenue of $501.50 million during the quarter, compared to analyst estimates of $220.83 million. Sell-side analysts forecast that Okeanis Eco Tankers will post 15.33 earnings per share for the current year.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp. is a Greece-based shipping company that owns and operates crude oil tankers. Its fleet includes very large crude carriers (VLCCs) and Suezmax vessels, which transport crude oil between production regions and markets around the world. The company provides seaborne transportation services to energy companies and commodity traders, deploying its vessels through spot-market voyages and charter arrangements. Its ships are designed to meet modern efficiency and environmental standards.