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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 $0.34 per ordinary share which will be made payable on 2024-08-26. Ex dividend date: 2024-08-19
Genco Shipping & Trading annual dividend for 2024 was $1.17
Genco Shipping & Trading annual dividend for 2023 was $0.95
Genco Shipping & Trading's trailing twelve-month (TTM) dividend yield is 8.24%
Genco Shipping & Trading's payout ratio for the trailing twelve months (TTM) is 320.13%

Genco Shipping & Trading Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-08-19$0.34quarterly2024-08-26
2024-05-21$0.42quarterly
2024-03-05$0.41quarterly2024-03-13
2023-11-21$0.15quarterly2023-11-30
2023-08-15$0.15quarterly2023-08-23
2023-05-15$0.15quarterly2023-05-23
2023-03-06$0.50quarterly2023-03-14
2022-11-18$0.78quarterly2022-11-28
2022-08-15$0.50quarterly2022-08-23
2022-05-13$0.79quarterly2022-05-24
2022-03-09$0.67quarterly2022-03-17
2021-11-12$0.15quarterly2021-11-22
2021-08-16$0.10quarterly2021-08-25
2021-05-14$0.05quarterly2021-05-25
2021-03-09$0.02quarterly2021-03-17
2020-11-16$0.02quarterly2020-11-25
2020-08-14$0.02quarterly2020-08-25
2020-05-15$0.02quarterly2020-05-28
2020-03-05$0.17quarterly2020-03-16
2019-11-20$0.50quarterly2019-12-05

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 8.24%. Interested in purchasing Genco Shipping & Trading stock? Use our calculator to estimate your expected dividend yield:

Genco Shipping & Trading Financial Ratios

P/E ratio45.37
PEG ratio1.26
P/B ratio0.75
ROE1.66%
Payout ratio320.13%
Current ratio3.59
Quick ratio2.94
Cash Ratio1.11

Genco Shipping & Trading Dividend FAQ

How much is the next Genco Shipping & Trading dividend?
Genco Shipping & Trading's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Genco Shipping & Trading dividend. The next Genco Shipping & Trading dividend will be released in March, May, August, or November.
When is Genco Shipping & Trading dividend paid?
Genco Shipping & Trading pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Genco Shipping & Trading pay?
The specific amount of Genco Shipping & Trading dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Genco Shipping & Trading's dividend history.
Does Genco Shipping & Trading stock pay dividends?
Yes, Genco Shipping & Trading does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Genco Shipping & Trading's dividend history.
How much dividend does Genco Shipping & Trading pay?
Genco Shipping & Trading paid $1.17 in 2024, $0.95 in 2023, $2.74 in 2022, $0.32 in 2021, and $0.235 in 2020.
How often does Genco Shipping & Trading pay dividends?
Genco Shipping & Trading typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March, May, August, and November.
What is Genco Shipping & Trading's dividend yield?
The current dividend yield for Genco Shipping & Trading is 8.24%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Genco Shipping & Trading's exact dividend yield.
When does Genco Shipping & Trading go ex dividend?
Genco Shipping & Trading's ex-dividend date for the latest dividend was on 2024-08-19. Genco Shipping & Trading typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Genco Shipping & Trading dividend paid?
Genco Shipping & Trading pays dividends on a quarterly basis, typically around March, May, August, or November, but the exact dates can vary each year.
Will Genco Shipping & Trading increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Genco Shipping & Trading will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Genco Shipping & Trading dividend per share?
Genco Shipping & Trading paid $1.17 per share in 2024 and $0.95 per share in 2023. The amount of dividend per share that Genco Shipping & Trading pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Genco Shipping & Trading a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Genco Shipping & Trading a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Genco Shipping & Trading a dividend stock?
Yes, Genco Shipping & Trading is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Genco Shipping & Trading a good dividend stock?
Whether Genco Shipping & Trading is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Genco Shipping & Trading has a history of paying regular dividends, which can make it attractive to income-focused investors.

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.
Does Genco Shipping & Trading pay dividends monthly?
Genco Shipping & Trading typically pays dividends on a quarterly basis.
Does Genco Shipping & Trading pay dividends quarterly?
Genco Shipping & Trading currently pays dividends on a quarterly basis.
Has Genco Shipping & Trading ever paid a dividend?
Yes, Genco Shipping & Trading has a history of paying dividends to its shareholders. Genco Shipping & Trading is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Genco Shipping & Trading dividend stocks?
To buy Genco Shipping & Trading you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Genco Shipping & Trading stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Genco Shipping & Trading pay dividends 2024?
Genco Shipping & Trading pays dividends on a quarterly basis. 2024 dividend payments are in 2024-08-26. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Genco Shipping & Trading increase its dividend in 2024?
Decisions regarding Genco Shipping & Trading dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Genco Shipping & Trading dividend overview you can look into the above table of dividend history.
How Genco Shipping & Trading dividend works?
The Genco Shipping & Trading dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Genco Shipping & Trading's dividend process works:

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.
How are Genco Shipping & Trading dividends paid?
Genco Shipping & Trading dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

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.
How many times does Genco Shipping & Trading pay dividends?
Genco Shipping & Trading typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Genco Shipping & Trading pay dividends?
The general pattern is that Genco Shipping & Trading pays dividends around March, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Genco Shipping & Trading dividend safe?
The safety of Genco Shipping & Trading's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

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.