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Genco Shipping raises dividend by 350% to $0.67

Mar. 08, 2022 12:27 PM ETGenco Shipping & Trading Limited (GNK)By: Deepa Sarvaiya, SA News Editor5 Comments
  • Genco Shipping (NYSE:GNK) declares $0.67/share quarterly dividend, 346.7% increase from prior dividend of $0.15.
  • Payable March 17; for shareholders of record March 10; ex-div March 9.
  • As part of Genco’s value strategy, the Board of Directors adopted a

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Comments (5)

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fisherick profile picture
Good ceo interview on cnbc Asia last week....Post Ukraine invasion. Link on GNK website.
Looking forward to it - added a tad more yesterday!
This is Fake News! as I received the same dividend 3 months ago.. Or Old News.
Joeri van der Sman profile picture
The Q4 quarter was the last one with an outsized debt paydown, future dividends should be much higher (If BDI cooperates).
@Joeri van der Sman I project the dividend at $0.83 on revenues of $130m and avg rate of $24.2k. fwiw.
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