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Okeanis Eco Tankers Corp., a tanker company, engages in the ownership, chartering and operation of oil tanker vessels worldwide. The company also provides various shipping services, such as technical support, maintenance, and insurance consulting services. It operates a fleet of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers. The company was incorporated in 2018 and is based in Piraeus, Greece.

Okeanis Eco Tankers Dividend Announcement

Okeanis Eco Tankers announced a quarterly dividend of $1.10 per ordinary share which will be made payable on 2024-09-05. Ex dividend date: 2024-08-20
Okeanis Eco Tankers annual dividend for 2024 was $2.86
Okeanis Eco Tankers's trailing twelve-month (TTM) dividend yield is 11.17%
Okeanis Eco Tankers's payout ratio for the trailing twelve months (TTM) is 102.00%

Okeanis Eco Tankers Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-08-20$1.10quarterly2024-09-05
2024-06-04$1.10quarterly2024-06-25
2024-03-08$0.66quarterly2024-03-22

Okeanis Eco Tankers Dividend per year

Okeanis Eco Tankers Dividend Yield

Okeanis Eco Tankers current trailing twelve-month (TTM) dividend yield is 11.17%. Interested in purchasing Okeanis Eco Tankers stock? Use our calculator to estimate your expected dividend yield:

Okeanis Eco Tankers Financial Ratios

P/E ratio6.77
PEG ratio-0.00
P/B ratio1.91
ROE29.09%
Payout ratio102.00%
Current ratio1.48
Quick ratio1.23
Cash Ratio0.87

Okeanis Eco Tankers Dividend FAQ

Does Okeanis Eco Tankers stock pay dividends?
Okeanis Eco Tankers does not currently pay dividends to its shareholders.
Has Okeanis Eco Tankers ever paid a dividend?
No, Okeanis Eco Tankers has no a history of paying dividends to its shareholders. Okeanis Eco Tankers is not known for its dividend payments.
Why doesn't Okeanis Eco Tankers pay dividends?
There are several potential reasons why Okeanis Eco Tankers would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Okeanis Eco Tankers ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Okeanis Eco Tankers has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Okeanis Eco Tankers a dividend aristocrat?
Okeanis Eco Tankers is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Okeanis Eco Tankers a dividend king?
Okeanis Eco Tankers is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Okeanis Eco Tankers a dividend stock?
No, Okeanis Eco Tankers is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Okeanis Eco Tankers stocks?
To buy Okeanis Eco Tankers you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Okeanis Eco Tankers stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.