Euroseas's latest quarterly dividend of $0.6 per share was on Mar 7, 2024 (ex-date). The annualized dividend distribution of $2.1 per share represents a current dividend yield of 5.68%. The latest ESEA payment of $0.6 marks a dividend growth of 20%.
Euroseas's dividend yield of 5.68% is above the Industrials sector and the industry average. If we compare it with its Industrials sector average of 1.42%, Euroseas's dividend yield is 300% higher.
Euroseas has a dividend history dating as far as 2006, but lately the company has recorded two consecutive years of dividend payments. Our records of ESEA show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 5% for the last twelve months. But with the price of the stock up by 101% from a year ago, the dividend yield has decreased by 48%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 7, 2024 | Mar 15, 2024 | Feb 21, 2024 | $0.6 | normal |
| Dec 7, 2023 | Dec 16, 2023 | Nov 9, 2023 | $0.5 | normal |
| Sep 7, 2023 | Sep 16, 2023 | Aug 9, 2023 | $0.5 | normal |
| Jun 8, 2023 | Jun 16, 2023 | May 16, 2023 | $0.5 | normal |
| Mar 8, 2023 | Mar 16, 2023 | Feb 15, 2023 | $0.5 | normal |
| Dec 8, 2022 | Dec 16, 2022 | Nov 14, 2022 | $0.5 | normal |
| Sep 8, 2022 | Sep 15, 2022 | Aug 10, 2022 | $0.5 | normal |
| Jun 8, 2022 | Jun 16, 2022 | May 23, 2022 | $0.5 | normal |
Euroseas's payout ratio of 12.7% is below the Industrials sector, the industry and its peers average. Compared to its Industrials sector average of 31%, Euroseas's payout ratio is 59% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| ESEA Euroseas Ltd | 5.62% | $2.1 | 12.7% |
| DAC Danaos Corporation | 3.82% | $3.1 | 10.7% |
| CMRE Costamare Inc | 3.51% | $0.46 | 15.6% |
| NMM Navios Maritime Partners L.P. | 0.43% | $0.2 | 1.4% |
Yes, Euroseas has been paying dividends for the last two years.
ESEA hasn't announced its next dividend date yet, but if we take into consideration its recent dividend history, it is likely that its next dividend will be in June 2024.
Euroseas's last regular dividend was on Mar 7, 2024 (ex-date) with the amount of $0.6 per share.
ESEA's annualized dividend per share is $2.1.
Euroseas's current dividend yield is 5.68%.
Euroseas pays dividends quarterly.
The dividend payout ratio of Euroseas is 12.7%.
Euroseas's dividend yield is more than the Industrials sector average.