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

United Maritime Co. (NASDAQ:USEA) announced a quarterly dividend on Wednesday, November 27th,Wall Street Journal reports. Investors 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 annualized dividend and a dividend yield of 15.15%. The ex-dividend date is Friday, December 27th.

United Maritime has a dividend payout ratio of -54.5% 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 Price Performance

United Maritime stock traded down $0.01 during midday trading on Wednesday, reaching $1.98. 91,726 shares of the stock traded hands, compared to its average volume of 45,017. The stock’s fifty day moving average is $2.38 and its 200-day moving average is $2.51. United Maritime has a 12 month low of $1.96 and a 12 month high of $3.00. The stock has a market cap of $17.52 million, a P/E ratio of 2.65 and a beta of 0.59. The company has a quick ratio of 0.46, a current ratio of 0.47 and a debt-to-equity ratio of 0.66.

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.