United Maritime Co. (NASDAQ:USEA) to Issue $0.01 Quarterly Dividend

United Maritime Co. (NASDAQ:USEA) announced a quarterly dividend on Monday, March 17th, Wall Street Journal reports. Shareholders of record on Thursday, March 27th will be given a dividend of 0.01 per share on Thursday, April 10th. This represents a $0.04 annualized dividend and a yield of 2.61%. The ex-dividend date is Thursday, March 27th.

United Maritime has a payout ratio of -4.2% meaning 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

USEA stock opened at $1.53 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.47 and a debt-to-equity ratio of 1.62. The firm has a market cap of $13.54 million, a PE ratio of -5.88 and a beta of 0.54. The business has a 50 day moving average of $1.80 and a 200-day moving average of $2.05. United Maritime has a 12-month low of $1.49 and a 12-month high of $2.90.

United Maritime Company Profile

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.