Euroseas Ltd. (ESEA) To Go Ex-Dividend on September 9th

Euroseas Ltd. (NASDAQ:ESEAGet Free Report) declared a quarterly dividend on Thursday, August 13th. Shareholders of record on Wednesday, September 9th will be given a dividend of 0.80 per share by the shipping company on Wednesday, September 16th. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Wednesday, September 9th.

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

Euroseas Price Performance

ESEA opened at $73.80 on Friday. The company has a 50-day moving average of $71.35 and a 200-day moving average of $67.40. The company has a market capitalization of $521.03 million, a P/E ratio of 3.80 and a beta of 0.45. Euroseas has a 1-year low of $51.00 and a 1-year high of $79.67. The company has a debt-to-equity ratio of 0.39, a quick ratio of 5.38 and a current ratio of 5.46.

Euroseas (NASDAQ:ESEAGet Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The shipping company reported $4.70 EPS for the quarter, topping the consensus estimate of $4.09 by $0.61. The business had revenue of $56.50 million for the quarter, compared to analysts’ expectations of $55.98 million. Euroseas had a net margin of 59.98% and a return on equity of 27.49%. Equities analysts expect that Euroseas will post 18.1 EPS for the current fiscal year.

About Euroseas

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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.

Further Reading

Dividend History for Euroseas (NASDAQ:ESEA)

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