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Genco Shipping & Trading (GNK) Dividend Yield, Date & History

Genco Shipping & Trading logo
$14.34 +0.31 (+2.21%)
(As of 12:31 PM ET)
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Genco Shipping & Trading Dividend Summary

Dividend Yield
11.16%
Annual Dividend
$1.60
Recent
Dividend Payment
Nov. 25
Annualized 3-Year
Dividend Growth
59.30%
Dividend Payout Ratio
101.91%

Genco Shipping & Trading (GNK) pays an annual dividend of $1.60 per share, with a dividend yield of 11.16%. The next quarterly payment of $0.40 per share was paid on Monday, November 25, to investors who owned the stock before the ex-dividend date of Monday, November 18. The company currently pays out 101.91% of its earnings and 69.51% of its cash flow as dividends.

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Skip Charts & View Dividend History

GNK Dividend Payments by Quarter

The chart below displays up to four years of Genco Shipping & Trading's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

GNK Dividend Yield Over Time

The chart below tracks Genco Shipping & Trading's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Genco Shipping & Trading vs. The Competition

Compare Genco Shipping & Trading's annual dividend, yield, and 3-year growth rate with averages for Transportation and NYSE companies to evaluate its performance against the market.

TypeGenco Shipping & TradingTransportation CompaniesNYSE Companies
Annual Dividend$1.60$0.01$1.39
Dividend Yield11.16%4.48%3.51%
Annualized 3-Year Dividend Growth59.30%26.12%15.58%

Genco Shipping & Trading Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings101.91%
Based on This Year's Estimate91.95%
Based on Next Year's Estimate83.33%
Based on Cashflow69.51%

Genco Shipping & Trading Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
11/6/2024Quarterly$0.40+$0.06
17.65%		9.1%11/18/202411/18/202411/25/2024
8/7/2024quarterly$0.34-$0.08
19.05%		9.6%8/19/20248/19/20248/26/2024
5/8/2024quarterly$0.42+$0.01
2.44%		7.4%5/21/20245/22/20245/30/2024
2/21/2024Quarterly$0.41+$0.26
173.33%		8.41%3/5/20243/6/20243/13/2024
11/8/2023quarterly$0.15 - 4.4%11/21/202311/22/202311/30/2023
8/3/2023Quarterly$0.15 - 4.3%8/15/20238/16/20238/23/2023
5/2/2023quarterly$0.15-$0.35
70.00%		15.3%5/15/20235/16/20235/23/2023
2/22/2023Quarterly$0.50-$0.28
35.90%		10.16%3/6/20233/7/20233/14/2023

This table shows Genco Shipping & Trading's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Genco Shipping & Trading Dividend - Frequently Asked Questions

The current dividend yield for Genco Shipping & Trading is 11.16%. Learn more on GNK's dividend yield history.

The annual dividend for GNK shares is $1.60. Learn more on GNK's annual dividend history.

Genco Shipping & Trading pays quarterly dividends to shareholders.

Genco Shipping & Trading's most recent quarterly dividend payment of $0.40 per share was made to shareholders on Monday, November 25, 2024.

Genco Shipping & Trading's most recent ex-dividend date was Monday, November 18, 2024.

Over the past three years, the company's dividend has grown by an average of 59.30% per year.

The most recent change in the company's dividend was an increase of $0.06 on Wednesday, November 6, 2024.

The dividend payout ratio for GNK is:
  • 101.91% based on the trailing year of earnings
  • 91.95% based on this year's estimates
  • 83.33% based on next year's estimates
  • 69.51% based on cash flow

Genco Shipping & Trading's dividend yield of 10.65% is higher than the average Transportation company that issues a dividend. GNK has a dividend yield higher than 75% of all dividend-paying stocks 5.5, making it a leading dividend payer. Genco Shipping & Trading's dividend payout ratio of 101.91% may not be sustainable.

Looking at the stock as a whole, market analysts rate Genco Shipping & Trading stock as a Moderate Buy, forecasting growth opportunities and potential value appreciation.

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This page (NYSE:GNK) was last updated on 12/18/2024 by MarketBeat.com Staff
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