United Maritime Corporation (USEA) To Go Ex-Dividend on December 24th

United Maritime Corporation (NASDAQ:USEA) declared a quarterly dividend on Wednesday, November 11th. Stockholders of record on Thursday, December 24th will be given a dividend of $0.20 per share on Friday, January 8th. This represents a $0.80 annualized dividend and a dividend yield of 26.5%. The ex-dividend date of this dividend is Thursday, December 24th. This is a 100.0% increase from United Maritime’s previous quarterly dividend of $0.10.

United Maritime has a dividend payout ratio of -49.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

United Maritime Trading Up 22.8%

Shares of United Maritime stock opened at $3.02 on Friday. The firm has a market cap of $28.81 million, a PE ratio of -15.10 and a beta of 0.83. United Maritime has a 1 year low of $1.42 and a 1 year high of $3.20. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.96 and a quick ratio of 0.94. The stock has a fifty day moving average price of $2.70 and a 200-day moving average price of $2.42.

United Maritime (NASDAQ:USEA) last issued its quarterly earnings results on Thursday, November 12th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. The company had revenue of $11.97 million for the quarter, compared to the consensus estimate of $10.90 million. United Maritime had a negative net margin of 5.07% and a positive return on equity of 2.31%.

Hedge Funds Weigh In On United Maritime

A hedge fund recently raised its stake in United Maritime stock. NewEdge Advisors LLC lifted its position in shares of United Maritime Corporation (NASDAQ:USEA) by 208.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,105 shares of the company’s stock after buying an additional 54,773 shares during the period. NewEdge Advisors LLC owned about 0.85% of United Maritime worth $213,000 as of its most recent SEC filing. 1.63% of the stock is currently owned by institutional investors and hedge funds.

United Maritime Company Profile

United Maritime Corporation (NASDAQ: USEA) is a global shipping company engaged in the ownership and operation of oceangoing vessels. The company primarily provides seaborne transportation services for dry bulk commodities and liquid cargoes through its fleet of dry bulk carriers and tankers. United Maritime’s vessels transport commodities such as grains, coal, and other dry bulk materials, as well as petroleum products and related liquid cargoes. The company generates revenue by employing its vessels under voyage charters, time charters, and other commercial arrangements with customers in international shipping markets.