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 |
|---|---|---|---|
| May 26, 2026 | $0.35 | 2026-05-18 | 2026-05-18 |
| March 18, 2026 | $0.50 | 2026-03-11 | 2026-03-11 |
| 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 |
Dividends Summary
- Consistent Payer: GENCO SHIPPING & TRADING LTD has rewarded shareholders with 28 dividend payments over the past 7 years.
- Total Returned Value: Investors who held GNK shares during this period received a total of $7.91 per share in dividend income.
- Latest Payout: The most recent dividend of $0.35/share was paid 53 days ago, on May 26, 2026.
- Yield & Schedule: GNK currently pays dividends quarterly with an annual yield of 4.77%.
- Dividend Growth: Since 2019, the dividend payout has grown by 100.0%, from $0.17 to $0.35.
Company News
Diana Shipping extended its tender offer to acquire Genco Shipping to July 24, 2026. As of July 10, 11.1 million shares (29.7% of outstanding shares not owned by Diana) have been tendered. Diana's offer of $27.34 per share ($24.80 cash plus one Diana share) remains on the table, representing a 53% premium to Genco's undisturbed share price. Diana...
Genco's Board rejected Diana Shipping's extended $24.80 per share cash tender offer, calling it inadequate and below the company's net asset value with no control premium. Genco shareholders overwhelmingly re-elected all board directors and the company projects a Q2 2026 dividend of $0.70 per share (367% year-over-year increase) based on current ...
Diana Shipping increased its acquisition offer for Genco Shipping to $27.34 per share ($24.80 cash plus one Diana share valued at $2.54), representing a 53% premium to Genco's undisturbed share price. Despite the increased offer, the Genco Board has rejected Diana's proposal three times without meaningful engagement or counterproposal. Diana, as ...
Genco Shipping shareholders voted overwhelmingly to re-elect all six board directors with nearly 90% support, reflecting confidence in the company's Comprehensive Value Strategy. The board is reviewing a revised non-binding proposal from Diana Shipping Inc. while remaining committed to maximizing shareholder value.
Diana Shipping increased its takeover bid for Genco Shipping to $27.34 per share (consisting of $24.80 cash plus one Diana share), representing a 53% premium to Genco's November 2025 price. Despite the sweetened offer backed by $1.43 billion in committed bank financing, Diana shares fell 3.25% while Genco rose 0.51%, reflecting investor caution a...
