Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

Genco Shipping & Trading Limited Enhances Dividend Policy to Increase Cash Distributable to Shareholders

Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK) 
Last genco shipping & trading limited ordinary shares new (marshall islands) earnings: 2/25 04:30 pm Check Earnings Report
US:NYSE Investor Relations: gencoshipping.com
Company Research Source: GlobeNewswire
NEW YORK, Sept. 10, 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 the removal of the drydocking capex line item from its formula used to calculate its quarterly dividend. This will increase the amount of cash available for distribution to shareholders beginning in the third quarter of 2024. The amount available for quarterly dividends is to be calculated based on the following updated formula, commencing in Q3 2024:     Dividend calculation   Net revenue  Less: operating expenses  Operating cash flow  Less: voluntary quarterly reserve  Cash flow distributable as dividends     The voluntary quarterly reserve for the third quarter of 2024 under the Company’s dividend formula is $19.50 million, which remains fully within the Company’s discretion. We plan to continue to review the voluntary reserve to further enhanc Show less Read more
Impact Snapshot
Event Time:
GNK
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for GNK alerts
Opt-in for
GNK alerts

from News Quantified
Opt-in for
GNK alerts

from News Quantified