United Maritime Corporation Announces Quarterly Dividend of $0.10 (NASDAQ:USEA)

United Maritime Corporation (NASDAQ:USEA) announced a quarterly dividend on Thursday, May 21st. Shareholders of record on Monday, June 29th will be paid a dividend of 0.10 per share on Friday, July 10th. This represents a c) annualized dividend and a yield of 16.9%. The ex-dividend date of this dividend is Monday, June 29th.

United Maritime has a dividend payout ratio of -49.4% 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 Stock Performance

Shares of NASDAQ USEA opened at $2.36 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.67 and a debt-to-equity ratio of 0.59. The company has a 50 day simple moving average of $2.13 and a two-hundred day simple moving average of $1.91. United Maritime has a 12 month low of $1.22 and a 12 month high of $2.39. The stock has a market cap of $22.51 million, a price-to-earnings ratio of -3.32 and a beta of 0.75.

United Maritime (NASDAQ:USEA) last posted its earnings results on Thursday, May 21st. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.14. United Maritime had a negative net margin of 16.50% and a negative return on equity of 7.86%. The firm had revenue of $7.95 million during the quarter, compared to analysts’ expectations of $8.10 million.

United Maritime Company Profile

United Maritime Corporation is a Marshall Islands–incorporated shipping company that provides seaborne transportation of crude oil and petroleum products. Traded on the NASDAQ under the symbol USEA, the company markets its tanker services to major oil producers, traders and refiners around the world. Its business model combines vessel ownership with time-charter contracts to deliver tailored shipping solutions across the energy supply chain.

The company’s fleet is composed primarily of medium‐ and large‐sized oil tankers, including Aframax and Suezmax vessels.