Okeanis Eco Tankers Corp. (ECO) to Issue Quarterly Dividend of $7.00 on December 1st

Okeanis Eco Tankers Corp. (NYSE:ECO) announced a quarterly dividend on Wednesday, November 11th. Stockholders of record on Monday, November 23rd will be paid a dividend of $7.00 per share on Tuesday, December 1st. This represents a $28.00 annualized dividend and a dividend yield of 31.9%. The ex-dividend date of this dividend is Monday, November 23rd. This is a 33.3% increase from Okeanis Eco Tankers’s previous quarterly dividend of $5.25.

Okeanis Eco Tankers Trading Up 2.5%

Shares of ECO stock opened at $87.86 on Friday. Okeanis Eco Tankers has a 1 year low of $31.75 and a 1 year high of $102.56. The firm’s fifty day simple moving average is $85.97 and its 200 day simple moving average is $60.96. The firm has a market capitalization of $3.43 billion, a P/E ratio of 4.85 and a beta of -0.32. The company has a current ratio of 4.43, a quick ratio of 4.13 and a debt-to-equity ratio of 0.76.

Okeanis Eco Tankers (NYSE:ECO) last issued its quarterly earnings results on Wednesday, November 11th. The company reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates of $4.73 by $2.94. The firm had revenue of $501.50 million during the quarter, compared to the consensus estimate of $220.83 million. Okeanis Eco Tankers had a net margin of 60.65% and a return on equity of 93.62%. As a group, sell-side analysts predict that Okeanis Eco Tankers will post 15.33 EPS for the current year.

Institutional Investors Weigh In On Okeanis Eco Tankers

A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its holdings in shares of Okeanis Eco Tankers by 96.7% during the 1st quarter. Bank of America Corp DE now owns 278,305 shares of the company’s stock worth $14,079,000 after acquiring an additional 136,782 shares during the period. Walleye Capital LLC boosted its position in shares of Okeanis Eco Tankers by 71.9% during the 1st quarter. Walleye Capital LLC now owns 177,417 shares of the company’s stock valued at $8,976,000 after acquiring an additional 74,231 shares in the last quarter. Militia Capital Management LLC bought a new stake in Okeanis Eco Tankers in the first quarter valued at about $3,541,000. Energy Income Partners LLC increased its stake in Okeanis Eco Tankers by 3.4% in the first quarter. Energy Income Partners LLC now owns 69,118 shares of the company’s stock valued at $3,497,000 after acquiring an additional 2,250 shares during the period. Finally, Cvfg LLC increased its stake in Okeanis Eco Tankers by 0.8% in the third quarter. Cvfg LLC now owns 31,925 shares of the company’s stock valued at $2,582,000 after acquiring an additional 260 shares during the period.

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.