Okeanis Eco Tankers Corp. (NYSE:ECO) Raises Dividend to $7.00 Per Share

Okeanis Eco Tankers Corp. (NYSE:ECO) announced a quarterly dividend on Wednesday, November 11th. Stockholders of record on Monday, November 23rd will be given a dividend of $7.00 per share on Tuesday, December 1st. This represents a $28.00 annualized dividend and a dividend yield of 32.7%. The ex-dividend date of this dividend is Monday, November 23rd. This is a 33.3% increase from Okeanis Eco Tankers’s previous quarterly dividend of $5.25.

Okeanis Eco Tankers Price Performance

Shares of ECO stock opened at $85.60 on Thursday. The stock’s fifty day simple moving average is $85.59 and its 200 day simple moving average is $60.72. Okeanis Eco Tankers has a one year low of $31.75 and a one year high of $102.56. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 7.99 and a beta of -0.32. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.43 and a quick ratio of 4.13.

Okeanis Eco Tankers (NYSE:ECO) last issued its quarterly earnings data on Wednesday, November 11th. The company reported $7.67 earnings per share for the quarter, topping the consensus estimate of $4.73 by $2.94. The firm had revenue of $501.50 million for the quarter, compared to analysts’ expectations of $220.83 million. Okeanis Eco Tankers had a net margin of 56.92% and a return on equity of 62.06%. On average, analysts expect that Okeanis Eco Tankers will post 15.33 earnings per share for the current fiscal year.

About Okeanis Eco Tankers

Okeanis Eco Tankers Corp. is a Greece-based shipping company that owns and operates crude oil tankers. Its fleet includes very large crude carriers (VLCCs) and Suezmax vessels, which transport crude oil between production regions and markets around the world. The company provides seaborne transportation services to energy companies and commodity traders, deploying its vessels through spot-market voyages and charter arrangements. Its ships are designed to meet modern efficiency and environmental standards.