Genco Shipping & Trading Limited

NYSE:GNK Stock Report

Mkt Cap: US$731.0m

Genco Shipping & Trading Dividend

What is Genco Shipping & Trading current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


18.30%

Current Dividend Yield

Dividend Yield vs Market

Genco Shipping & Trading Dividend Yield vs Market
How does GNK dividend yield compare to the market?
SegmentDividend Yield
Company (GNK)18.3%
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

How stable has Genco Shipping & Trading's dividend per share been in the past?
MonthDividend Per Share (annual)Avg. Yield (%)
12/31/20243.062
12/31/20232.295
1/27/20233.1618.3
5/6/20223.1619.53
2/24/20222.6812.25
11/3/20210.31.9
8/6/20210.150.81
2/24/20210.080.56
11/4/20200.081.02
8/5/20200.081.13
5/6/20200.081.36
2/27/20200.712.2
2/25/20200.79.88
11/6/20190.77.39

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.


Discover strong dividend paying companies