United Maritime Corporation (USEA) to Issue Quarterly Dividend of $0.10 on July 10th

United Maritime Corporation (NASDAQ:USEA) announced a quarterly dividend on Thursday, May 21st. Investors of record on Monday, June 29th will be paid a dividend of 0.10 per share on Friday, July 10th. This represents a c) annualized dividend and a dividend yield of 16.9%. The ex-dividend date is Monday, June 29th.

United Maritime has a payout ratio of -49.4% indicating that 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 opened at $2.36 on Friday. The stock has a market cap of $22.51 million, a price-to-earnings ratio of -11.80 and a beta of 0.75. The business has a 50 day simple moving average of $2.13 and a 200 day simple moving average of $1.92. United Maritime has a 52 week low of $1.22 and a 52 week high of $2.41. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.67 and a current ratio of 0.68.

United Maritime (NASDAQ:USEA) last announced its quarterly earnings results on Thursday, May 21st. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.12) by $0.14. The business had revenue of $7.95 million during the quarter, compared to analysts’ expectations of $8.10 million. United Maritime had a positive return on equity of 0.18% and a negative net margin of 4.90%.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded United Maritime from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

United Maritime Company Profile

United Maritime Corporation is a Marshall Islands–incorporated shipping company that provides seaborne transportation of crude oil and petroleum products. Traded on the NASDAQ under the symbol USEA, the company markets its tanker services to major oil producers, traders and refiners around the world. Its business model combines vessel ownership with time-charter contracts to deliver tailored shipping solutions across the energy supply chain.

The company’s fleet is composed primarily of medium? and large?sized oil tankers, including Aframax and Suezmax vessels.