Shares of Okeanis Eco Tankers Corp. (ECO) plummeted 7.35% during Thursday's intraday trading session. The sharp sell-off came despite the company declaring a quarterly dividend of $0.35 per share.

ECO reported lower revenues of $85.2 million for Q4 2024, down from $91.7 million in Q4 2023. Net profit also slid to $13.2 million from $21.3 million in the prior year period. Earnings per share declined to $0.41 from $0.66 a year ago.

While the dividend payout may have provided some support, ECO's weaker Q4 2024 financial performance appears to have overshadowed the dividend announcement, triggering a sell-off in the stock. Investors seem disappointed by the year-over-year declines in revenues, profits and earnings, despite the company's efforts to return cash to shareholders.