Euroseas Ltd. an owner and operator of drybulk and container carrier vessels and a provider of seaborne transportation for drybulk and containerized cargoes, announced today that it has declared a dividend of $0.25 per common share for the second quarter of 2007. The dividend is payable on August 24, 2007 to all shareholders of record as of August 15, 2007. This dividend marks an increase of 4.2% from the prior quarter's dividend of $0.24 per share.