Genco Shipping & Trading Dividend
Dividend criteria checks 2/6
Genco Shipping & Trading is a dividend paying company with a current yield of 4.79%.
Key information
4.8%
Dividend yield
373%
Payout ratio
| Industry average yield | 5.4% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | US$0.860 |
| Earnings per share | US$0.36 |
| Dividend yield forecast | 9.6% |
Recent dividend updates
Recent updates
Genco's Unique Dividend Structure May Hold Promise For Income Investors
Sep 10Is Genco Shipping & Trading (NYSE:GNK) Using Too Much Debt?
Jul 11
Genco Shipping: Disciplined Strategy, Good Dividend Investment
Jun 21Genco Shipping & Trading Limited (NYSE:GNK) Investors Are Less Pessimistic Than Expected
Jun 15Genco Shipping & Trading's (NYSE:GNK) Upcoming Dividend Will Be Larger Than Last Year's
May 12Genco Shipping: FQ4'23 Dividends May Disappoint - You May Have Missed The Boat
Jan 27Genco Shipping & Trading Limited's (NYSE:GNK) Shareholders Might Be Looking For Exit
Jan 25Genco Shipping: A Quality Company With Excellent Financials And Attractive Dividend Yields
Jan 09Returns At Genco Shipping & Trading (NYSE:GNK) Are On The Way Up
Dec 08Genco Shipping: A Fine Hold, No Need To Rush
Dec 07Genco Shipping Is Still A Great Value Play
Oct 11Genco Shipping: Fuel Risks Are Still Outweighed By The Management's Competence
Oct 04Genco Shipping: Some Risk But Great Potential
Aug 18Analysts Have Just Cut Their Genco Shipping & Trading Limited (NYSE:GNK) Revenue Estimates By 11%
Aug 07Genco Shipping: Yield Of 13% And Improving Prospects
Jun 12Genco Shipping: Dividends Likely To Stay Strong Despite Challenging Market
May 31Is There Now An Opportunity In Genco Shipping & Trading Limited (NYSE:GNK)?
May 03Genco Shipping & Trading (NYSE:GNK) Is Experiencing Growth In Returns On Capital
Apr 14Genco Shipping: Dividend Play With Upside Potential
Feb 21Genco Shipping: Pause The Optimism Here - Potential Volatility Ahead
Feb 15We Think Genco Shipping & Trading (NYSE:GNK) Can Manage Its Debt With Ease
Jan 21Is Now The Time To Look At Buying Genco Shipping & Trading Limited (NYSE:GNK)?
Dec 26Genco Shipping: 18% Yield, Low Debt, Low Breakeven
Dec 09Genco Shipping: Still A Buy Despite The 33% Recovery - Yields Above 4Y Average
Nov 16Genco Shipping: Potential 44.5% Annualized Return
Oct 18Here's Why Genco Shipping & Trading (NYSE:GNK) Can Manage Its Debt Responsibly
Sep 28Genco Shipping: The Dividend Yields Could Move Much Higher - It's Time To Board
Sep 14Genco Shipping Stock: Why You Should Get On Board At Current Levels
Aug 31Investors Should Be Encouraged By Genco Shipping & Trading's (NYSE:GNK) Returns On Capital
Aug 31Genco Shipping: 11% Yield, Low Debt, Higher Dividends Ahead
Aug 12Genco Shipping slides after second quarter earnings, TCE outlook
Aug 04Genco Shipping: New Dividend Policy In Full Swing (Podcast Transcript)
Jul 26Stability and Growth of Payments
Fetching dividends data
Stable Dividend: GNK has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: GNK's dividend payments have increased, but the company has only paid a dividend for 5 years.
Dividend Yield vs Market
| Genco Shipping & Trading Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (GNK) | 4.8% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.3% |
| Industry Average (Shipping) | 5.4% |
| Analyst forecast (GNK) (up to 3 years) | 9.6% |
Notable Dividend: GNK's dividend (4.79%) is higher than the bottom 25% of dividend payers in the US market (1.43%).
High Dividend: GNK's dividend (4.79%) is in the top 25% of dividend payers in the US market (4.32%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (372.7%), GNK's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (165.2%), GNK's dividend payments are not well covered by cash flows.