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

United Maritime Co. (NASDAQ:USEA) declared a quarterly dividend on Wednesday, March 19th, Wall Street Journal reports. Shareholders of record on Thursday, March 27th will be paid 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 is Thursday, March 27th.

United Maritime has a dividend 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 Stock Performance

Shares of NASDAQ:USEA remained flat at $1.64 during midday trading on Wednesday. The stock had a trading volume of 32,356 shares, compared to its average volume of 46,123. The firm has a market capitalization of $14.51 million, a price-to-earnings ratio of -6.31 and a beta of 0.54. The company has a quick ratio of 0.46, a current ratio of 0.47 and a debt-to-equity ratio of 1.62. The stock has a fifty day moving average of $1.81 and a 200 day moving average of $2.08. United Maritime has a 12 month low of $1.49 and a 12 month high of $2.98.

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.