- Company reports Q1 results largely in line with expectations.
- Dividend reinstatement after almost a decade and a $20 million share repurchase authorization surprised market participants.
- Last week, the company managed to secure attractive long-term charters for two newbuild vessels scheduled for delivery in H1/2023.
- With $340 million in contracted EBITDA between Q2/2022 and the end of 2024, the dividend appears safe for the foreseeable future.
- Get long Euroseas due to discounted valuation, respectable dividend yield and the industry's strong short- and medium-term outlook.
For further details see:
Euroseas: Investors Cheer Surprise Dividend And Share Buyback Announcement - Buy