GENCO SHIPPING & TRADING LTD
GNKGenco Shipping & Trading Ltd. is a global shipping company specializing in the ownership and operation of drybulk vessels. Established to serve the transportation needs of commodities such as iron ore, coal, and grain, Genco operates a fleet of bulk carriers that facilitate international trade. The company is headquartered in New York City and listed on the NASDAQ exchange, focusing on efficiency and operational excellence within the maritime freight industry.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| November 24, 2025 | $0.15 | 2025-11-17 | 2025-11-17 |
| August 25, 2025 | $0.15 | 2025-08-18 | 2025-08-18 |
| May 30, 2025 | $0.15 | 2025-05-22 | 2025-05-22 |
| March 18, 2025 | $0.30 | 2025-03-11 | 2025-03-11 |
| November 25, 2024 | $0.40 | 2024-11-18 | 2024-11-18 |
Dividends Summary
- Consistent Payer: GENCO SHIPPING & TRADING LTD has rewarded shareholders with 26 dividend payments over the past 6 years.
- Total Returned Value: Investors who held GNK shares during this period received a total of $7.06 per share in dividend income.
- Latest Payout: The most recent dividend of $0.15/share was paid 60 days ago, on November 24, 2025.
- Yield & Schedule: GNK currently pays dividends quarterly with an annual yield of 3.70%.
- Dividend Growth: Since 2019, the dividend payout has decreased by 53.8%, from $0.33 to $0.15.
Company News
Genco Shipping & Trading's board unanimously rejected Diana Shipping Inc.'s non-binding proposal to acquire Genco for $20.60 per share, deeming it significantly undervalued. Genco countered by proposing to acquire Diana instead using cash and Genco shares, citing its superior valuation, stronger balance sheet, and proven track record of sharehold...
Genco Shipping's Board unanimously rejected Diana Shipping's non-binding acquisition proposal valued at $20.60 per share, citing significant undervaluation, execution risks, and lack of committed financing. Genco countered by proposing to acquire Diana instead using cash and Genco shares, arguing this structure would better serve both companies' ...
Diana Shipping expressed disappointment after Genco Shipping & Trading's board rejected its $20.60 per share all-cash acquisition proposal without engagement. Diana, which owns 14.8% of Genco, characterized the rejection as flat and noted the board took over six weeks to respond. Diana's CEO stated the company remains willing to discuss the offer...
Genco Shipping & Trading Limited amended its shareholder rights plan, adjusting the beneficial ownership threshold to 10% and addressing potential competitor stock accumulation to protect shareholder interests.
Genco Shipping & Trading reported a challenging Q2 2025, with revenue declining 24.4% and adjusted net loss of $(0.14) per share, reflecting weak drybulk shipping market conditions. Despite financial pressures, the company maintained its quarterly dividend and continued fleet modernization efforts.
