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

United Maritime Co. (NASDAQ:USEA) announced a quarterly dividend on Wednesday, March 19th, Wall Street Journal reports. Investors of record on Thursday, March 27th will be given a dividend of 0.01 per share on Thursday, April 10th. This represents a $0.04 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend 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 Price Performance

United Maritime stock remained flat at $1.64 during mid-day trading on Wednesday. The company’s stock had a trading volume of 32,356 shares, compared to its average volume of 46,123. The firm’s 50 day simple moving average is $1.81 and its two-hundred day simple moving average is $2.08. United Maritime has a 12-month low of $1.49 and a 12-month high of $2.98. The company has a current ratio of 0.47, a quick ratio of 0.46 and a debt-to-equity ratio of 1.62. The company has a market cap of $14.51 million, a price-to-earnings ratio of -6.31 and a beta of 0.54.

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.