Euroseas Ltd. (NASDAQ:ESEA) to Issue Dividend Increase - $0.75 Per Share

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Euroseas Ltd. (NASDAQ:ESEA) announced a 7.1% increase in its quarterly dividend to $0.75 per share, payable on March 17 to shareholders of record on March 10. The shipping company’s dividend is well-covered by its current payout ratio of 23.0% and an expected future payout ratio of 16.2% based on analyst EPS forecasts. Despite being down 0.4% to $62.72, the shares trade at a low P/E ratio of 3.59, implying a steep valuation discount compared to earnings.

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