Okeanis Eco Tankers Corp. (NYSE:ECO) Declares Quarterly Dividend of $0.35

Posted by Jay Halladay on Feb 21st, 2025

Okeanis Eco Tankers Corp. (NYSE:ECO – Get Free Report) announced a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.35 per share on Monday, March 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date is Monday, March 3rd.

Okeanis Eco Tankers Price Performance

ECO traded down $0.56 during trading on Friday, reaching $21.88. The stock had a trading volume of 644,415 shares, compared to its average volume of 254,665. The stock has a market cap of $704.32 million and a PE ratio of 6.47. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.34 and a current ratio of 1.69. Okeanis Eco Tankers has a one year low of $18.79 and a one year high of $36.69. The business has a 50-day moving average of $22.74 and a 200-day moving average of $26.67.

Okeanis Eco Tankers (NYSE:ECO – Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.19. The business had revenue of $85.19 million for the quarter, compared to analysts’ expectations of $82.46 million. Okeanis Eco Tankers had a return on equity of 25.19% and a net margin of 27.68%. As a group, equities research analysts anticipate that Okeanis Eco Tankers will post 1.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, B. Riley reduced their target price on Okeanis Eco Tankers from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th.

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Okeanis Eco Tankers Company Profile

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Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.