GNK - NYSE
Genco Shipping & Trading Limited
$24.16
-0.70%Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company owns and operates dry bulk carrier vessels to transports iron ore, coal, grains, steel products, and other dry-bulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities. As of December 31, 2021, the company fleet consisted of 44 dry bulk carriers, including 17 Capesize, 15 Ultramax, and 12 Supramax with an aggregate capacity of approximately 4,636,000 deadweight tons. Genco Shipping & Trading Limited was incorporated in 2004 and is headquartered in New York, New York.
At a Glance
Live SnapshotGenco Shipping & Trading Limited Dividend History
GNK Dividend Payment History
Total Payments
27
Latest Dividend
$0.3500
Annual Amount
$1.3000
Frequency
Quarterly
| Declaration | Ex-Date | Payment Date | Dividend | Adjusted | Frequency | Growth |
|---|---|---|---|---|---|---|
May 4, 2026 | May 18, 2026 | May 26, 2026 | $0.3500 | $0.3500 | Quarterly | -30.00% |
Feb 17, 2026 | Mar 11, 2026 | Mar 18, 2026 | $0.5000 | $0.5000 | Quarterly | +233.33% |
Nov 4, 2025 | Nov 17, 2025 | Nov 24, 2025 | $0.1500 | $0.1500 | Quarterly | 0.00% |
Aug 6, 2025 | Aug 18, 2025 | Aug 25, 2025 | $0.1500 | $0.1500 | Quarterly | 0.00% |
May 7, 2025 | May 22, 2025 | May 30, 2025 | $0.1500 | $0.1500 | Quarterly | -50.00% |
Feb 19, 2025 | Mar 11, 2025 | Mar 18, 2025 | $0.3000 | $0.3000 | Quarterly | -25.00% |
Nov 6, 2024 | Nov 18, 2024 | Nov 25, 2024 | $0.4000 | $0.4000 | Quarterly | +17.65% |
Aug 7, 2024 | Aug 19, 2024 | Aug 26, 2024 | $0.3400 | $0.3400 | Quarterly | -19.05% |
May 8, 2024 | May 22, 2024 | May 30, 2024 | $0.4200 | $0.4200 | Quarterly | +2.44% |
Feb 21, 2024 | Mar 6, 2024 | Mar 13, 2024 | $0.4100 | $0.4100 | Quarterly | +173.33% |
Nov 8, 2023 | Nov 22, 2023 | Nov 30, 2023 | $0.1500 | $0.1500 | Quarterly | 0.00% |
Aug 3, 2023 | Aug 16, 2023 | Aug 23, 2023 | $0.1500 | $0.1500 | Quarterly | 0.00% |
May 2, 2023 | May 16, 2023 | May 23, 2023 | $0.1500 | $0.1500 | Quarterly | -70.00% |
Feb 22, 2023 | Mar 7, 2023 | Mar 14, 2023 | $0.5000 | $0.5000 | Quarterly | -35.90% |
Nov 8, 2022 | Nov 21, 2022 | Nov 28, 2022 | $0.7800 | $0.7800 | Quarterly | +56.00% |
Aug 3, 2022 | Aug 16, 2022 | Aug 23, 2022 | $0.5000 | $0.5000 | Quarterly | -36.71% |
May 4, 2022 | May 16, 2022 | May 24, 2022 | $0.7900 | $0.7900 | Quarterly | +17.91% |
Feb 24, 2022 | Mar 10, 2022 | Mar 17, 2022 | $0.6700 | $0.6700 | Quarterly | +346.67% |
Nov 3, 2021 | Nov 15, 2021 | Nov 22, 2021 | $0.1500 | $0.1500 | Quarterly | +50.00% |
Aug 4, 2021 | Aug 17, 2021 | Aug 25, 2021 | $0.1000 | $0.1000 | Quarterly | +100.00% |
May 5, 2021 | May 17, 2021 | May 25, 2021 | $0.0500 | $0.0500 | Quarterly | +150.00% |
Feb 24, 2021 | Mar 10, 2021 | Mar 17, 2021 | $0.0200 | $0.0200 | Quarterly | 0.00% |
Nov 4, 2020 | Nov 17, 2020 | Nov 25, 2020 | $0.0200 | $0.0200 | Quarterly | 0.00% |
Aug 5, 2020 | Aug 17, 2020 | Aug 25, 2020 | $0.0200 | $0.0200 | Quarterly | 0.00% |
May 6, 2020 | May 18, 2020 | May 28, 2020 | $0.0200 | $0.0200 | Quarterly | -88.57% |
Feb 25, 2020 | Mar 6, 2020 | Mar 16, 2020 | $0.1750 | $0.1750 | Quarterly | -65.00% |
Nov 6, 2019 | Nov 21, 2019 | Dec 5, 2019 | $0.5000 | $0.5000 | Quarterly | - |
Genco Shipping & Trading Limited Payout Ratio Analysis
Dividend Sustainability Analysis
Payout Ratio
Negative payout ratio indicates the company is either not paying dividends or has negative earnings. Not a dividend-paying stock currently.
FCF Payout Ratio
Negative free cash flow while paying dividends is a major red flag. Company burning cash and cannot sustain dividend without external financing.
Dividend Growth
Strong dividend growth demonstrates management confidence and business strength. Excellent signal for long-term dividend investors.
Sustainability
Sustainable dividend with adequate coverage. Some areas for improvement but overall appears safe for dividend investors.
Key Insight
Dividend aristocrat potential: Conservative payout ratios combined with consistent growth suggest management prioritizes sustainable, long-term shareholder returns. Excellent foundation for dividend compounding.
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Statements
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Analyst Expectations
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