Euroseas Ltd. (ESEA) Declares $0.60 Quarterly Dividend; 6.5% Yield

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Go back to Euroseas Ltd. (ESEA) Declares $0.60 Quarterly Dividend; 6.5% Yield

Euroseas Ltd. Reports Results for the Quarter Ended March 31, 2024 and Declares Quarterly Common Stock Dividend

May 23, 2024 8:42 AM EDT

ATHENS, Greece, May 23, 2024 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the Company or Euroseas), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today its results for the three-month period ended March 31, 2024 and declared a common stock dividend.

First Quarter 2024 Financial Highlights:

Total net revenues of $46.7 million. Net income of $20.0 million or $2.89 and $2.87 earnings per share basic and diluted, respectively. Adjusted net income1 for the period was $18.5 million or $2.67 and $2.66 per share basic and diluted.... More