Euroseas Ltd. (NASDAQ:ESEA – Get 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.
About Euroseas
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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