Euroseas Ltd. (ESEA) to Issue Quarterly Dividend of $0.80 on June 16th

Euroseas Ltd. (NASDAQ:ESEAGet Free Report) declared a quarterly dividend on Thursday, May 21st. Shareholders of record on Tuesday, June 9th will be given a dividend of 0.80 per share by the shipping company on Tuesday, June 16th. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Tuesday, June 9th. This is a 6.7% increase from Euroseas’s previous quarterly dividend of $0.75.

Euroseas has a dividend payout ratio of 26.3% meaning its dividend is sufficiently covered by earnings.

Euroseas Stock Up 0.7%

ESEA stock opened at $66.43 on Friday. Euroseas has a fifty-two week low of $39.59 and a fifty-two week high of $78.76. The business’s 50-day moving average is $68.37 and its two-hundred day moving average is $62.21. The company has a debt-to-equity ratio of 0.39, a quick ratio of 5.38 and a current ratio of 5.46. The company has a market cap of $469.00 million, a price-to-earnings ratio of 3.50 and a beta of 0.49.

Euroseas (NASDAQ:ESEAGet Free Report) last posted its earnings results on Thursday, May 21st. The shipping company reported $4.70 earnings per share for the quarter, beating analysts’ consensus estimates of $4.26 by $0.44. Euroseas had a return on equity of 27.55% and a net margin of 58.31%.The company had revenue of $55.84 million for the quarter, compared to the consensus estimate of $56.61 million. As a group, analysts forecast that Euroseas will post 18.1 earnings per share for the current year.

Euroseas Company Profile

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Euroseas Ltd. (NASDAQ: ESEA) is an international shipping company specializing in seaborne transportation of containerized and drybulk cargoes. Incorporated in Bermuda with its principal operations and management office based in Athens, Greece, the company owns and charters a diversified fleet of containerships, drybulk carriers and multipurpose vessels. Euroseas provides tailored shipping solutions on time-charter and voyage-charter agreements, serving manufacturers, commodity traders and logistics providers across major trade routes.

Euroseas’s fleet comprises both owned and chartered tonnage, enabling the company to adjust capacity to market conditions and customer requirements.

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Dividend History for Euroseas (NASDAQ:ESEA)

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