Okeanis Eco Tankers Corp. (NYSE:ECO) Announces $0.35 Quarterly Dividend

Okeanis Eco Tankers Corp. (NYSE:ECO) announced a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Shareholders of record on Monday, March 3rd will be paid a dividend of 0.35 per share on Monday, March 17th. This represents a $1.40 annualized dividend and a yield of 6.40%. The ex-dividend date is Monday, March 3rd.

Okeanis Eco Tankers Stock Down 2.5 %

ECO traded down $0.56 on Friday, hitting $21.88. The company had a trading volume of 644,415 shares, compared to its average volume of 254,665. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.69 and a quick ratio of 1.34. Okeanis Eco Tankers has a 52-week low of $18.79 and a 52-week high of $36.69. The stock has a fifty day simple moving average of $22.74 and a 200-day simple moving average of $26.67. The firm has a market capitalization of $704.32 million and a P/E ratio of 6.47.

Okeanis Eco Tankers (NYSE:ECO) last released its earnings results on Wednesday, February 19th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.19. Okeanis Eco Tankers had a net margin of 27.68% and a return on equity of 25.19%. The firm had revenue of $85.19 million during the quarter, compared to analyst estimates of $82.46 million. As a group, equities analysts expect that Okeanis Eco Tankers will post 1.34 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, B. Riley lowered their target price on shares of Okeanis Eco Tankers from $44.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, January 15th.

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.