Okeanis Eco Tankers Corp. (NYSE:ECO) Announces Dividend Increase - $0.70 Per Share

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Okeanis Eco Tankers Corp. (NYSE:ECO - Get Free Report) announced a dividend on Tuesday, August 19th, investing.com reports. Stockholders of record on Monday, August 25th will be paid a dividend of 0.70 per share on Friday, September 5th. This represents a dividend yield of 1,080.0%. The ex-dividend date is Friday, August 22nd. This is a 118.8% increase from Okeanis Eco Tankers's previous dividend of $0.32.

Okeanis Eco Tankers Trading Down 0.9%

Shares of ECO traded down $0.2510 during trading hours on Friday, reaching $27.2690. 102,954 shares of the company traded hands, compared to its average volume of 129,092. The company's fifty day moving average price is $23.96 and its two-hundred day moving average price is $22.97. The company has a market capitalization of $877.79 million, a price-to-earnings ratio of 13.05 and a beta of -0.13. The company has a quick ratio of 1.65, a current ratio of 1.96 and a debt-to-equity ratio of 1.36. Okeanis Eco Tankers has a 12 month low of $17.91 and a 12 month high of $35.64.

Okeanis Eco Tankers (NYSE:ECO - Get Free Report) last announced its earnings results on Tuesday, August 12th. The company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.37. The firm had revenue of $93.95 million for the quarter, compared to analyst estimates of $56.10 million. Okeanis Eco Tankers had a net margin of 19.52% and a return on equity of 15.81%. Equities research analysts predict that Okeanis Eco Tankers will post 1.34 earnings per share for the current fiscal year.

Okeanis Eco Tankers Company Profile

Okeanis Eco Tankers Corp., a shipping company, owns and operates tanker vessels worldwide. It operates a fleet of 14 tanker vessels comprising six modern Suezmax tankers and eight modern VLCC tankers focusing on the transportation of crude oil. The company was incorporated in 2018 and is based in Neo Faliro, Greece.