Genco Shipping & Trading Dividend
What is Genco Shipping & Trading current dividend yield, its reliability and sustainability?
Dividend Score
4/6Dividend 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 |
|---|
| Segment | Dividend 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
| Month | Dividend Per Share (annual) | Avg. Yield (%) |
|---|---|---|
| 12/31/2024 | 3.06 | 2 |
| 12/31/2023 | 2.29 | 5 |
| 1/27/2023 | 3.16 | 18.3 |
| 5/6/2022 | 3.16 | 19.53 |
| 2/24/2022 | 2.68 | 12.25 |
| 11/3/2021 | 0.3 | 1.9 |
| 8/6/2021 | 0.15 | 0.81 |
| 2/24/2021 | 0.08 | 0.56 |
| 11/4/2020 | 0.08 | 1.02 |
| 8/5/2020 | 0.08 | 1.13 |
| 5/6/2020 | 0.08 | 1.36 |
| 2/27/2020 | 0.7 | 12.2 |
| 2/25/2020 | 0.7 | 9.88 |
| 11/6/2019 | 0.7 | 7.39 |
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.