GENCO SHIPPING & TRADING LTD (GNK) Dividend History

Company News

• Genco Shipping & Trading Limited to Acquire High-Specification Capesize Vessel

  Genco Shipping & Trading Limited, a U.S. based drybulk ship owning company, has agreed to acquire a 2016-built 180,000 dwt high-specification Capesize vessel for $47.5 million. The acquisition is part of the company's strategy to reinvest proceeds from the sale of older vessels into high-quality Capesize vessels to increase its earnings power and modernize its fleet.

  Benzinga
• Genco Shipping & Trading Limited Announces Second Quarter 2024 Conference Call and Webcast - GlobeNewswire

  Genco Shipping & Trading Limited announced that it will hold a conference call on August 8, 2024 to discuss its financial results for the second quarter of 2024, which will be released on August 7, 2024.

  GlobeNewswire Inc.
• Where Genco Shipping & Trading Stands With Analysts

  In the last three months, 4 analysts have published ratings on Genco Shipping & Trading (NYSE:GNK), offering a diverse range of perspectives from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 0 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 2 0 0 0 0 3M Ago 1 0 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $26.75, a high estimate of $30.00, and a low estimate of $23.00. Surpassing the previous average price target of $25.00, the current average has increased by 7.0%. Interpreting Analyst Ratings: A Closer Look A comprehensive examination of how financial experts perceive Genco Shipping & Trading is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Poe Fratt Alliance Global Partners Raises Buy $27.00 $25.00 Liam Burke B. Riley Securities Raises Buy $30.00 $27.00 Omar Nokta Jefferies Raises Buy $27.00 $26.00 Benjamin Nolan Stifel Raises Buy $23.00 $22.00 Key Insights: Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Genco Shipping & Trading. This offers insight into analysts' perspectives on the current state ...Full story available on Benzinga.com

  Benzinga
• Genco Shipping & Trading Shareholders Overwhelmingly Re-Elect All Genco Director Nominees at the 2024 Annual Meeting

  NEW YORK, May 23, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”) the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that Genco shareholders have overwhelmingly voted at the Company’s Annual Meeting to re-elect to the Company’s Board of Directors all seven of Genco’s highly qualified director nominees – James G. Dolphin, Paramita Das, Kathleen C. Haines, Basil G. Mavroleon, Karin Y. Orsel, Arthur L. Regan and John C. Wobensmith.

  GlobeNewswire Inc.
• Genco Shipping & Trading Issues Statement Regarding George Economou’s Withdrawal of his Nominee

  Sets the Record Straight on Economou’s Campaign

  GlobeNewswire Inc.