Genco Shipping & Trading Ltd Stock News

Genco Shipping & Trading Limited (NYSE:GNK ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants John Wobensmith - Chief Executive Officer Peter Allen - Chief Financial Officer Michael Orr - DryBulk Market Analyst Conference Call Participants Omar Nokta - Jeffries Liam Burke - B. Riley Securities Sherif Elmaghrabi - BTIG Bendik Nyttingnes - Clarkson Securities Oper...

Declares Dividend of $0.40 per share for Q3 2024; Represents Genco's 21st Consecutive Quarterly Dividend Totaling $6.315 Per Share Declares Dividend of $0.40 per share for Q3 2024; Represents Genco's 21st Consecutive Quarterly Dividend Totaling $6.315 Per Share

NEW YORK, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that it will hold a conference call to discuss the Company's results for the third quarter of 2024 on Thursday, November 7, 2024 at 8:30 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial res...

Post-COVID, dry bulk shipping saw growth driven by energy demand recovery and a limited vessel order book, though market sentiment has weakened due to China's slowing demand for steel and iron. Genco has focused on reducing debt and maintaining dividends, making it resilient to market volatility with low leverage and strong capital management. Future performance depends on China's stimulus; str...

NEW YORK, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, has agreed to acquire a 2016-built 180,000 dwt high-specification Capesize vessel for a purchase price of $47.5 million.

Genco Shipping & Trading Limited offers an 8.18% dividend yield tied to excess quarterly cash flow, making it attractive for income investors despite volatility. Genco operates a high-quality fleet in a thriving drybulk market, with significant earnings growth expected this year due to higher rates. Despite competitive pressures, Genco's strategic fleet renewal and strong Q2 2024 results positi...

NEW YORK, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced the removal of the drydocking capex line item from its formula used to calculate its quarterly dividend.

Declares Dividend of $0.34 per share for Q2 2024; Represents Genco's 20th Consecutive Quarterly Dividend Totaling $5.915 Per Share Declares Dividend of $0.34 per share for Q2 2024; Represents Genco's 20th Consecutive Quarterly Dividend Totaling $5.915 Per Share