Genco Shipping & Trading Dividend
What is Genco Shipping & Trading current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Genco Shipping & Trading Dividend Yield vs Market|
|Market Bottom 25% (US)||1.5%|
|Market Top 25% (US)||4.3%|
|Industry Average (Shipping)||28.6%|
|Analyst forecast in 3 Years (GNK)||14.5%|
Notable Dividend: GNK's dividend (18.3%) is higher than the bottom 25% of dividend payers in the US market (1.52%).
High Dividend: GNK's dividend (18.3%) is in the top 25% of dividend payers in the US market (4.29%)
Stability and Growth of Payments
|Month||Dividend Per Share (annual)||Avg. Yield (%)|
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 3 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (52.5%), GNK's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (69.4%), GNK's dividend payments are covered by cash flows.