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

Okeanis Eco Tankers Corp. (NYSE:ECO) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders 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 yield of 6.40%. The ex-dividend date is Monday, March 3rd.

Okeanis Eco Tankers Stock Performance

NYSE:ECO traded down $0.56 during trading on Friday, reaching $21.88. The company’s stock had a trading volume of 684,525 shares, compared to its average volume of 256,695. The firm has a market cap of $704.32 million and a price-to-earnings 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. The firm has a 50 day moving average of $22.74 and a 200-day moving average of $26.67. Okeanis Eco Tankers has a 12 month low of $18.79 and a 12 month high of $36.69.

Okeanis Eco Tankers (NYSE:ECO) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.19. The firm had revenue of $85.19 million during the quarter, compared to the consensus estimate of $82.46 million. Okeanis Eco Tankers had a return on equity of 25.19% and a net margin of 27.68%. Research analysts expect that Okeanis Eco Tankers will post 1.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Okeanis Eco Tankers Company Profile

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.