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

United Maritime Corporation (NASDAQ:USEA) declared a quarterly dividend on Thursday, May 21st. Shareholders of record on Monday, June 29th will be given 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 is Monday, June 29th.

United Maritime has a 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

NASDAQ:USEA opened at $2.36 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.68 and a quick ratio of 0.67. The firm has a market capitalization of $22.51 million, a price-to-earnings ratio of -3.32 and a beta of 0.75. The company’s 50-day moving average is $2.13 and its two-hundred day moving average is $1.91. United Maritime has a 1-year low of $1.22 and a 1-year high of $2.39.

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

About United Maritime

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.