Okeanis Eco Tankers Corp. (ECO) to Issue Quarterly Dividend of $1.55 on March 10th

Okeanis Eco Tankers Corp. (NYSE:ECO) declared a quarterly dividend on Thursday, February 19th. Stockholders of record on Tuesday, March 3rd will be given a dividend of 1.55 per share on Tuesday, March 10th. This represents a c) annualized dividend and a dividend yield of 11.5%. The ex-dividend date of this dividend is Tuesday, March 3rd. This is a 106.7% increase from Okeanis Eco Tankers’s previous quarterly dividend of $0.75.

Okeanis Eco Tankers Stock Performance

Shares of Okeanis Eco Tankers stock opened at $53.86 on Friday. The stock’s 50-day moving average is $39.95 and its 200 day moving average is $34.64. Okeanis Eco Tankers has a one year low of $17.91 and a one year high of $54.05. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.16 and a current ratio of 3.41.

Okeanis Eco Tankers (NYSE:ECO) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.48. The firm had revenue of $91.33 million for the quarter, compared to analyst estimates of $98.45 million. Okeanis Eco Tankers had a return on equity of 26.63% and a net margin of 31.40%. As a group, equities analysts anticipate that Okeanis Eco Tankers will post 1.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Okeanis Eco Tankers

Several institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its stake 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 acquiring an additional 54,528 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Okeanis Eco Tankers by 108.2% in the second quarter. SG Americas Securities LLC now owns 420,789 shares of the company’s stock valued at $9,144,000 after purchasing an additional 218,717 shares during the last quarter. Invesco Ltd. bought a new position in shares of Okeanis Eco Tankers during the second quarter valued at about $613,000. Lighthouse Investment Partners LLC grew its position in Okeanis Eco Tankers by 13.5% in the 2nd quarter. Lighthouse Investment Partners LLC now owns 46,816 shares of the company’s stock worth $1,017,000 after purchasing an additional 5,558 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in shares of Okeanis Eco Tankers during the 2nd quarter worth approximately $25,000.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp. is a Marshall Islands–incorporated, publicly traded shipping company specializing in the ownership and operation of eco-design product tankers. The company made its debut on the New York Stock Exchange under the ticker “ECO” in May 2019 following an initial public offering. It focuses on the acquisition of newbuilding medium-range (MR) and long-range (LR) product tankers designed to deliver enhanced fuel efficiency and reduced emissions.

As of its public listing, Okeanis Eco Tankers’ fleet comprises twelve eco-efficient vessels built by Hyundai Samho Heavy Industries in South Korea.