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

United Maritime Co. (NASDAQ:USEA) declared a quarterly dividend on Monday, March 17th, Wall Street Journal reports. Stockholders of record on Thursday, March 27th will be paid a dividend of 0.01 per share on Thursday, April 10th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date is Thursday, March 27th.

United Maritime has a payout ratio of -31.3% 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

Shares of NASDAQ:USEA remained flat at $1.64 on Wednesday. The stock had a trading volume of 32,537 shares, compared to its average volume of 46,124. The business has a 50 day simple moving average of $1.81 and a 200-day simple moving average of $2.08. United Maritime has a 52-week low of $1.49 and a 52-week high of $2.98. The stock has a market capitalization of $14.51 million, a PE ratio of -6.31 and a beta of 0.54. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.47 and a quick ratio of 0.46.

About United Maritime

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.