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

United Maritime Corporation (NASDAQ:USEA) announced a quarterly dividend on Thursday, July 30th. Stockholders of record on Friday, September 25th will be paid a dividend of 0.10 per share on Friday, October 9th. This represents a c) dividend on an annualized basis and a dividend yield of 14.8%. The ex-dividend date is Friday, September 25th.

United Maritime has a payout ratio of -49.4% 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 Trading Up 7.1%

Shares of USEA stock traded up $0.18 on Thursday, hitting $2.70. The stock had a trading volume of 108,514 shares, compared to its average volume of 67,749. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.68 and a quick ratio of 0.67. The firm has a market capitalization of $25.76 million, a P/E ratio of -13.50 and a beta of 0.81. United Maritime has a 1 year low of $1.42 and a 1 year high of $2.82. The company’s 50 day moving average price is $2.59 and its 200-day moving average price is $2.21.

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, topping the consensus estimate of ($0.12) by $0.14. United Maritime had a positive return on equity of 0.18% and a negative net margin of 4.90%.The firm had revenue of $7.95 million for the quarter, compared to analyst estimates of $8.10 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of United Maritime from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

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.