Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company owns and operates dry bulk carrier vessels to transports iron ore, coal, grains, steel products, and other dry-bulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities. As of December 31, 2021, the company fleet consisted of 44 dry bulk carriers, including 17 Capesize, 15 Ultramax, and 12 Supramax with an aggregate capacity of approximately 4,636,000 deadweight tons. Genco Shipping & Trading Limited was incorporated in 2004 and is headquartered in New York, New York.
Genco Shipping & Trading Dividend Announcement
• Genco Shipping & Trading announced a quarterly dividend of $0.40 per ordinary share which will be made payable on 2024-11-25. Ex dividend date: 2024-11-18
• Genco Shipping & Trading annual dividend for 2024 was $1.57
• Genco Shipping & Trading annual dividend for 2023 was $0.95
• Genco Shipping & Trading's trailing twelve-month (TTM) dividend yield is 10.29%
• Genco Shipping & Trading's payout ratio for the trailing twelve months (TTM) is 82.74%
Genco Shipping & Trading Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-18 | $0.40 | quarterly | 2024-11-25 |
2024-08-19 | $0.34 | quarterly | 2024-08-26 |
2024-05-21 | $0.42 | quarterly | 2024-05-30 |
2024-03-05 | $0.41 | quarterly | 2024-03-13 |
2023-11-21 | $0.15 | quarterly | 2023-11-30 |
2023-08-15 | $0.15 | quarterly | 2023-08-23 |
2023-05-15 | $0.15 | quarterly | 2023-05-23 |
2023-03-06 | $0.50 | quarterly | 2023-03-14 |
2022-11-18 | $0.78 | quarterly | 2022-11-28 |
2022-08-15 | $0.50 | quarterly | 2022-08-23 |
2022-05-13 | $0.79 | quarterly | 2022-05-24 |
2022-03-09 | $0.67 | quarterly | 2022-03-17 |
2021-11-12 | $0.15 | quarterly | 2021-11-22 |
2021-08-16 | $0.10 | quarterly | 2021-08-25 |
2021-05-14 | $0.05 | quarterly | 2021-05-25 |
2021-03-09 | $0.02 | quarterly | 2021-03-17 |
2020-11-16 | $0.02 | quarterly | 2020-11-25 |
2020-08-14 | $0.02 | quarterly | 2020-08-25 |
2020-05-15 | $0.02 | quarterly | 2020-05-28 |
2020-03-05 | $0.17 | quarterly | 2020-03-16 |
2019-11-20 | $0.50 | quarterly | 2019-12-05 |
Genco Shipping & Trading Dividend per year
Genco Shipping & Trading Dividend growth
Genco Shipping & Trading Dividend Yield
Genco Shipping & Trading current trailing twelve-month (TTM) dividend yield is 10.29%. Interested in purchasing Genco Shipping & Trading stock? Use our calculator to estimate your expected dividend yield:
Genco Shipping & Trading Financial Ratios
Genco Shipping & Trading Dividend FAQ
Other factors to consider when evaluating Genco Shipping & Trading as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Genco Shipping & Trading's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Genco Shipping & Trading publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Genco Shipping & Trading distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Genco Shipping & Trading are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Genco Shipping & Trading sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Genco Shipping & Trading distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Genco Shipping & Trading declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Genco Shipping & Trading's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Genco Shipping & Trading's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.