Genco Shipping & Trading Ltd Stock News

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Genco's current stock price offers value, trading at a discount to book value with an over 8% dividend yield despite a recent cut. The Baltic Drybulk Index's seasonal low impacts Genco's revenue and dividend but presents upside potential as spot prices are expected to rise. Genco's strategic capital management, including vessel acquisitions during low BDI periods, demonstrates strong operationa...

Genco Shipping & Trading Limited (NYSE:GNK ) Q4 2024 Earnings Call February 20, 2025 8:30 AM ET Company Participants Peter Allen - Chief Financial Officer John Wobensmith - Chief Executive Officer Michael Orr - Assistant Vice President, Finance Conference Call Participants Omar Nokta - Jefferies Chris Robertson - Deutsche Bank Sherif Elmaghrabi - BTIG Poe Fratt - Alliance Global Partners Operat...

Declares Dividend of $0.30 per share for Q4 2024 Represents Genco's 22 nd Consecutive Quarterly Dividend

NEW YORK, Jan. 27, 2025 (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 fourth quarter of 2024 on Thursday, February 20, 2025 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 r...

The shipping industry enters 2025 with tariffs on the horizon as President-elect Donald Trump prepares to take office.

The wider correction observed in the dry bulk stocks has been unwarranted indeed, attributed to the still higher spot rates and ongoing supply demand imbalance. The same has been observed in GNK's higher contracted TCE rates, richer adj EBITDA margins, healthier balance sheet, and richer dividend policy. This is on top of the management's similarly promising FQ4'24 guidance, with investors like...

Low leverage and efficient, and a diversified fleet ensures stability in volatile markets. Operational resilience and competent management enables continued dividend payments. Strong dividend policy offers both income stability and growth potential.