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

$17.34
+0.15 (+0.87%)
(As of 08/21/2024 ET)

Dividend Summary

Dividend Yield
7.84%
Annual Dividend
$1.36
Annualized 3-Year
Dividend Growth
59.30%
Dividend Payout Ratio
2,266.67%
Next
Dividend Payment
Aug. 26
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Genco Shipping & Trading vs. The Competition

TypeGenco Shipping & TradingTransportation CompaniesNYSE Companies
Annual Dividend$1.36$1.41$1.39
Dividend Yield7.84%398.16%352.49%
Annualized 3-Year Dividend Growth59.30%25.31%15.61%

Genco Shipping & Trading Dividend Payout Ratio

TypePayout Ratio
Based on Trailing 12 Months of Earnings2,266.67%
Based on This Year's Estimates59.91%
Based on Next Year's Estimates55.97%
Based on Cashflow60.92%

Genco Shipping & Trading Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/7/2024quarterly$0.349.6%8/19/20248/19/20248/26/2024
5/8/2024quarterly$0.427.4%5/21/20245/22/20245/30/2024
2/21/2024Quarterly$0.418.41%3/5/20243/6/20243/13/2024
11/8/2023quarterly$0.154.4%11/21/202311/22/202311/30/2023
8/3/2023Quarterly$0.154.3%8/15/20238/16/20238/23/2023
5/2/2023quarterly$0.1515.3%5/15/20235/16/20235/23/2023
2/22/2023Quarterly$0.5010.16%3/6/20233/7/20233/14/2023
11/8/2022Quarterly$0.7820.51%11/18/202211/21/202211/28/2022
8/3/2022Quarterly$0.5011.42%8/15/20228/16/20228/23/2022
5/4/2022Quarterly$0.7913.6%5/13/20225/16/20225/24/2022
2/24/2022Quarterly$0.6714.26%3/9/20223/10/20223/17/2022
11/3/2021Quarterly$0.153.59%11/12/202111/15/202111/22/2021
8/4/2021Quarterly$0.102.22%8/16/20218/17/20218/25/2021
5/5/2021Quarterly$0.051.23%5/14/20215/17/20215/25/2021
2/24/2021Quarterly$0.020.76%3/9/20213/10/20213/17/2021
11/4/2020Quarterly$0.021.24%11/16/202011/17/202011/25/2020
8/5/2020Quarterly$0.021.12%8/14/20208/17/20208/25/2020
5/6/2020Quarterly$0.021.64%5/15/20205/18/20205/28/2020
2/26/2020quarterly$0.175010.1%3/5/20203/6/20203/16/2020
11/6/2019None$0.5011/20/201911/21/201912/5/2019
(Data available from 1/1/2013 forward)

Genco Shipping & Trading Dividend - Frequently Asked Questions

What is Genco Shipping & Trading's dividend yield?

The current dividend yield for Genco Shipping & Trading is 7.84%. Learn more on GNK's dividend yield history.

How much is Genco Shipping & Trading's annual dividend?

The annual dividend for GNK shares is $1.36. Learn more on GNK's annual dividend history.

How often does Genco Shipping & Trading pay dividends?

Genco Shipping & Trading pays quarterly dividends to shareholders.

When is Genco Shipping & Trading's next dividend payment?

Genco Shipping & Trading's next quarterly dividend payment of $0.34 per share will be made to shareholders on Monday, August 26, 2024.

When was Genco Shipping & Trading's most recent dividend payment?

Genco Shipping & Trading's most recent quarterly dividend payment of $0.42 per share was made to shareholders on Thursday, May 30, 2024.

When was Genco Shipping & Trading's most recent ex-dividend date?

Genco Shipping & Trading's most recent ex-dividend date was Monday, August 19, 2024.

Is Genco Shipping & Trading's dividend growing?

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

When did Genco Shipping & Trading last increase or decrease its dividend?

The most recent change in the company's dividend was a decrease of $0.08 on Wednesday, August 7, 2024.

What is Genco Shipping & Trading's dividend payout ratio?
The dividend payout ratio for GNK is:
  • 2,266.67% based on the trailing year of earnings
  • 59.91% based on this year's estimates
  • 55.97% based on next year's estimates
  • 60.92% based on cash flow
Is Genco Shipping & Trading a good dividend stock?

Genco Shipping & Trading's dividend yield of 9.55% is higher than the average Transportation company that issues a dividend. GNK has a dividend yield higher than 75% of all dividend-paying stocks 5.7, making it a leading dividend payer. Genco Shipping & Trading's dividend payout ratio of 2,266.67% may not be sustainable. However, based on earnings estimates, GNK will have a more sustainable dividend payout ratio of 55.97% next year.

This page (NYSE:GNK) was last updated on 8/22/2024 by MarketBeat.com Staff

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