United Maritime Co. (NASDAQ:USEA) Plans Quarterly Dividend of $0.08

United Maritime Co. (NASDAQ:USEA) announced a quarterly dividend on Monday, November 25th,Wall Street Journal reports. Shareholders of record on Friday, December 27th will be given a dividend of 0.075 per share on Friday, January 10th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 16.17%. The ex-dividend date of this dividend is Friday, December 27th.

United Maritime has a payout ratio of -54.5% 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 0.3 %

United Maritime stock opened at $1.86 on Wednesday. United Maritime has a 12-month low of $1.72 and a 12-month high of $3.00. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.47 and a quick ratio of 0.46. The stock has a market capitalization of $16.42 million, a PE ratio of -7.13 and a beta of 0.44. The firm has a 50 day simple moving average of $2.12 and a 200-day simple moving average of $2.41.

United Maritime Company Profile

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.