Okeanis Eco Tankers Corp. (NYSE:ECO) to Issue Dividend Increase – $2.00 Per Share

Okeanis Eco Tankers Corp. (NYSE:ECOGet Free Report) declared a quarterly dividend on Thursday, May 14th. Shareholders of record on Thursday, May 28th will be given a dividend of 2.00 per share on Friday, June 5th. This represents a c) annualized dividend and a yield of 14.9%. The ex-dividend date is Thursday, May 28th. This is a 29.0% increase from Okeanis Eco Tankers’s previous quarterly dividend of $1.55.

Okeanis Eco Tankers Trading Down 1.2%

Shares of NYSE:ECO traded down $0.68 during trading on Thursday, hitting $53.76. 718,664 shares of the company’s stock were exchanged, compared to its average volume of 483,983. The company has a current ratio of 1.50, a quick ratio of 1.39 and a debt-to-equity ratio of 0.82. The firm has a market cap of $2.10 billion, a P/E ratio of 14.35 and a beta of 0.09. The firm has a 50-day moving average price of $50.71 and a two-hundred day moving average price of $42.62. Okeanis Eco Tankers has a 1-year low of $21.27 and a 1-year high of $58.45.

Okeanis Eco Tankers (NYSE:ECOGet Free Report) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.59. The business had revenue of $170.17 million for the quarter, compared to the consensus estimate of $134.02 million. Okeanis Eco Tankers had a net margin of 31.40% and a return on equity of 26.63%. Equities analysts predict that Okeanis Eco Tankers will post 4.35 earnings per share for the current year.

About Okeanis Eco Tankers

(Get Free Report)

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.

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Dividend History for Okeanis Eco Tankers (NYSE:ECO)

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